Mast Hill SPA - The share price for shares sold to Mast Hill under the Purchase Agreement is determined based on the market price of the company's common stock on Nasdaq. Specifically, the purchase price per share is the lesser of 97% of the lowest VWAP (Volume Weighted Average Price) of the company's common stock on any trading day during the Valuation Period, or 102% of the lowest traded price during the same period. The Valuation Period is defined as the period beginning on the put date and continuing through the date that is two trading days immediately following the clearing date associated with the applicable put notice. The number of shares to be sold is determined by the company at its discretion, subject to certain limitations. The company can direct Mast Hill to purchase shares by delivering a Put Notice, specifying a minimum amount not less than $5,000 and a maximum amount up to the lesser of $500,000 or 20% of the average trading volume of the common stock during the five trading days immediately preceding the applicable Put Date. Additionally, the company may specify a minimum share price in the Put Notice, and if the stock trades below this price during the Valuation Period, the number of shares sold is adjusted accordingly.
S-3/A
August 2025 SHELF | SPA | SHARE RESALE
S-3/A
August 2025 SHELF | SPA | SHARE RESALE
S-3
August 2025 SHELF | SPA | SHARE RESALE
Proxies
TYPE
HEADLINE
FILED AT
DEFA14A
Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
DEF 14A
Form DEF 14A - Other definitive proxy statements
PRE 14A
Form PRE 14A - Other preliminary proxy statements
DEFA14A
Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material
