other material
confidence high
sentiment neutral
materiality 0.65
Surrozen enters $50M equity purchase agreement with Lincoln Park Capital Fund
Surrozen, Inc./DE
- Up to $50M of common stock may be sold to Lincoln Park over 36 months after Commencement.
- 100,000 commitment shares issued at signing; $100,000 additional payment due if $30M sold.
- Sales price based on market; Regular Purchases up to 30,000 shares/day at discount to market.
- Lincoln Park prohibited from shorting stock; Company controls timing and amount of sales.
- Registration statement for resale of shares must be filed by April 15, 2022.