Alumni SPA - The price at which shares are sold to Alumni Capital on a given day is determined by the Purchase Agreement. Specifically, the purchase price per share is based on the lowest traded price for the ordinary shares over the five consecutive business days immediately prior to the sale date, multiplied by 93%. The amount of shares sold is subject to certain limitations, such as the Commitment Amount and the Beneficial Ownership Limitation, which prevents Alumni Capital from owning more than 4.99% of the company's outstanding shares at any time. The company has the discretion to decide how many shares to sell to Alumni Capital, up to the limits set by the agreement.
S-3
Form S-3 - Registration statement under Securities Act of 1933
