Streeterville Capital, LLC – SPA – Pursuant to the Streeterville Purchase Agreement, the Company may require Streeterville to purchase, and Streeterville may resell, shares that are issued from time to time to settle outstanding or future “Pre-Paid Purchases.” The shares are delivered at a variable price tied to the prevailing market trading price of the common stock, less a negotiated discount stipulated in the agreement. Each draw is further limited by contractual daily share and dollar caps and by a beneficial-ownership blocker that prevents Streeterville from owning more than the percentage threshold set in the agreement. These mechanics collectively determine both the price Streeterville pays on a given day and the maximum number of shares that can be issued or resold from any individual purchase notice. // And for the January 2026 Convertible Note
Streeterville SPA - The price at which shares are sold to Streeterville is determined by a market price-based formula. Initially, the price is based on the initial listing reference price on Nasdaq. However, if certain events occur, such as a drop in market capitalization or a failure to meet financial obligations, the price is adjusted to the lower of the initial price or 90% of the lowest daily volume-weighted average price over the preceding ten trading days, with a floor price of $0.25 per share. The amount of shares sold is influenced by the conditions set in the Streeterville Purchase Agreement, including market conditions and the company's discretion to draw or forego purchases.
S-8
Form S-8 - Securities to be offered to employees in employee benefit plans
Proxies
TYPE
HEADLINE
FILED AT
DEF 14C
Form DEF 14C - Other definitive information statements
PRER14C
Form PRER14C - Information statements
PRE 14C
Form PRE 14C - Other preliminary information statements
Ownerships
TYPE
HEADLINE
FILED AT
S-3
Form S-3 - Registration statement under Securities Act of 1933
