GEM SPA - Under the GEM Purchase Agreement, the pricing of shares sold to GEM is based on the market prices of the company's common stock at the time of sale. Specifically, GEM will purchase shares at a price equal to 90% of the average daily closing price of the stock over a specified period, typically 15 consecutive trading days, starting from the date of a drawdown notice. The share amount is determined by the company's discretion, subject to certain conditions such as not exceeding 300% of the average daily trading volume of the stock during the 15 trading days preceding the notice. Additionally, the purchase price cannot be less than $1.00 per share. The company can sell up to an aggregate of $85 million worth of shares to GEM, but only 7,000,000 shares are initially registered for resale.
NEWSHARE RESALE REGISTRATION + GEM Global Yield LLC SCS - SPA - 90% of the average daily closing price over 15 trading days. Up to 300% of the prior 15-trading-day average daily volume per draw down; no stated limit on draw downs a day. $1.00 purchase-price floor; 9.99% ownership cap.
D
Form D - Notice of Exempt Offering of Securities - Item 06b
POS AM
Form POS AM - Post-Effective amendments for registration statement
POS AM
Form POS AM - Post-Effective amendments for registration statement
S-1
SHARE RESALE REGISTRATION
Proxies
TYPE
HEADLINE
FILED AT
DEF 14A
Form DEF 14A - Other definitive proxy statements
Ownerships
TYPE
HEADLINE
FILED AT
S-3
NEWForm S-3 - Registration statement under Securities Act of 1933
S-3
NEWForm S-3 - Registration statement under Securities Act of 1933
