other
confidence high
sentiment neutral
materiality 0.55
biote Corp. enters Standby Equity Purchase Agreement for up to 5M shares with Yorkville
biote Corp.
- Agreement with YA II PN, Ltd. (Yorkville) allows biote to sell up to 5,000,000 shares of Class A common stock over 36 months.
- Purchase price set at 97% of lowest daily VWAP during a three-day pricing period.
- As consideration, biote issued 25,000 Commitment Shares upon execution.
- Yorkville's purchase obligation subject to conditions including effective registration statement; shares exempt from registration under Section 4(a)(2).
- Ownership limitation caps Yorkville's beneficial ownership at 4.99% of outstanding common stock.