other material
confidence high
sentiment neutral
materiality 0.40
Evoke Pharma amends Series B/C warrants to accelerate vesting, allow pre-funded warrants
Evoke Pharma Inc
- Series C warrants become exercisable for up to 3x Series B shares exercised before March 27, 2024 deadline.
- After deadline, remaining Series B exercises trigger one-for-one vesting of Series C warrants.
- Holders may elect pre-funded warrants at exercise price of $0.6799 per share instead of common stock.
- No change to total number of warrant shares underlying each series.
- Company will allow other holders to enter identical amendment.