APPLife Digital Solutions secures up to $10M equity financing from GHS Investments

APPlife Digital Solutions Inc

Equity line up to $10M; puts at 80% of lowest closing price in prior 10 trading days.
Put amounts range from $10,000 to $500,000; cap at 4.99% beneficial ownership.
Upon NASDAQ up-list, price improves to 90% of 10-day low with $1.00 floor.
No short sales by GHS; puts suspended during any Registration Statement Ineffective Period.
Puts require effective S-1 registration; 10 trading-day gap between closings.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPlife Digital Solutions Inc entered into Registration Rights Agreement with GHS Investments, LLC (effective 2022-12-15).

Action: entry
Counterparty: GHS Investments, LLC
Effective: 2022-12-15

Exact text from the filing

On December 15, 2022, APPLife Digital Solutions, Inc. (“we” or the “Company”) entered into an Equity Financing Agreement (the “Financing Agreement”) and Registration Rights Agreement (the “Registration Rights Agreement”) with GHS Investments, LLC (“GHS”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

APPlife Digital Solutions Inc entered into Equity Financing Agreement with GHS Investments, LLC valued at up to $10,000,000 (effective 2022-12-15).

Action: entry
Agreement: equity purchase
Counterparty: GHS Investments, LLC
Value: up to $10,000,000
Effective: 2022-12-15

Exact text from the filing

Under the terms of the Financing Agreement, GHS has agreed to provide the Company with up to $10,000,000 of funding upon effectiveness of a registration statement on Form S-1.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

APPlife Digital Solutions Inc filing history →

Source: SEC EDGAR

accession 0001096906-22-003036

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