Hudson Global Ventures, LLC - SPA - The price at which shares are sold to Hudson Global Ventures, LLC (Hudson) on a given day is determined as 87.5% of the Market Price. The Market Price is defined as the lesser of the closing price of the common shares on its principal market on the trading day immediately preceding the respective Put Date, or the lowest closing price of the common share during the Valuation Period. The amount of shares sold is determined by the company's discretion, with a minimum amount not less than $25,000 and a maximum amount up to the lesser of $2,000,000 or 200% of the average trading volume of the company's common shares on Nasdaq during the five trading days immediately preceding the respective put notice date, multiplied by the closing price during those days.
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SPA - Hudson Global- SPA - The price at which shares are sold to Hudson Global is determined by taking 87.5% of the lowest daily volume-weighted average price of the company's common shares on the NASDAQ during the five trading days before the company issues a put notice. This means they get a slight discount based on recent trading prices. The maximum amount of shares that can be sold on a given day is the lesser of $2,000,000 or 200% of the average trading volume of the company's shares over the past five days, multiplied by the lowest closing price during that period. This ensures that the sale amount is manageable relative to recent trading activity.
