other material
confidence high
sentiment neutral
materiality 0.70
Aspira Women's Health enters $10M equity line with Lincoln Park Capital
Aspira Women's Health Inc.
- Lincoln Park committed to purchase up to $10M of Aspira common stock at company's discretion over 24 months.
- Purchase price set at 95% of the lower of same-day lowest sale price or average of three lowest closing prices over prior 10 days.
- Regular purchases: up to 50k-100k shares/day, capped at $500k per purchase; accelerated purchases allowed.
- Commitment shares issued: 3% of $10M commitment ($300k worth) as consideration to Lincoln Park.
- Company may terminate agreement at any time with one business day notice; Lincoln Park prohibited from short selling.