other_material
confidence high
sentiment neutral
materiality 0.75
Cyber Enviro-Tech secures $30M equity line with Monroe Street Capital
Cyber Enviro-Tech, Inc.
- Equity Purchase Agreement allows sale of up to $30M common stock at 85% of lowest trading price.
- 3,000,000 initial commitment shares issued; additional 3M per $2.5M draw trigger (up to 3).
- Maximum per put: $500K or 200% of average daily trading value; minimum $25K.
- Term 24 months; registration statement for resale must be filed within 30 days.
- Proceeds provide working capital; significant dilution risk for existing holders.
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