WESTWATER RESOURCES, INC. (WWR): debt financing — Westwater Resources raises $5M via convertible notes with $0.63/share conversion price

WESTWATER RESOURCES, INC.

Issued $5M aggregate principal amount of senior convertible notes to institutional investors in registered direct offering.
Notes convertible at $0.63/share, 24-month maturity, 18% default interest rate.
Monthly amortization payments in cash or common stock; 115% prepayment premium available.
Company to seek stockholder approval for conversions exceeding 19.9% of outstanding shares; directors agree to vote in favor.
Beneficial ownership cap of 9.99% on conversion to comply with NYSE American rules.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

WESTWATER RESOURCES, INC. incurred convertible notes of $5,000,000 with certain institutional investors at 18% per annum maturing the twenty-four month anniversary of their respective issuance dates.

Instrument: convertible notes
Principal: $5,000,000
Counterparty: certain institutional investors
Rate: 18% per annum
Maturity: the twenty-four month anniversary of their respective issuance dates
Event: incurrence

Exact text from the filing

On June 13, 2025, Westwater Resources, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional investors (the “Investors”) under which the Company agreed to issue and sell in a registered public offering directly to the Investor (the “Offering”), convertible notes for up to an aggregate principal amount of $5,000,000 (the “Notes”), which will be convertible into shares of the Company’s common stock, par value of $0.001 per share (the “Common Stock”).

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41 debt financings filed in the last 30 days. Browse all debt financings →

WESTWATER RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-059140

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