other material
confidence high
sentiment neutral
materiality 0.40
IGC Pharma sells 588,235 shares to director-owned entity for $200,000 at $0.34 each
IGC Pharma, Inc.
- Shares issued to Moran Global Strategies, owned by director James Moran, at $0.34/share.
- Total proceeds of $200,000; closing subject to NYSE American approval.
- Outstanding shares post-closing will be ~75,953,296; no warrants or options outstanding.
- Investor receives piggyback registration rights with expense cap of $2,500.
- Shares issued under Section 4(a)(2) exemption from registration.