other material
confidence high
sentiment neutral
materiality 0.55
Myomo enters $5M common stock purchase agreement with Keystone Capital Partners
MYOMO, INC.
- Up to $5M of common stock may be sold at Myomo's discretion; 50,000 commitment shares issued.
- Purchase price based on market price at time of sale; no upper limit and no obligation for Myomo to sell.
- Issuance capped at 19.99% of outstanding shares (1,399,348 shares) unless stockholder approval or price exceeds book/market value.
- Proceeds to be used for working capital and general corporate purposes; Keystone prohibited from short sales.
- Agreement terminates upon $5M aggregate purchases, Registration Statement expiry, or delisting among others.