Allurion enters up to $100M equity facility with Chardan; issues 35,511 commitment shares

ALLURION TECHNOLOGIES, INC.

Entered ChEF Purchase Agreement with Chardan for up to $100M in common stock sales over 36 months.
Shares sold at 3% discount to VWAP; purchases capped at $2M/day and 9,482,468 shares (19.99% of outstanding).
Issued 35,511 commitment shares to Chardan; will pay $125K structuring fee and reimburse up to $300K in legal fees.
Company has sole discretion to sell shares; no obligation to use facility; proceeds for working capital.
Registration rights agreement requires filing resale registration statement for shares sold to Chardan.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALLURION TECHNOLOGIES, INC. entered into ChEF Purchase Agreement with Chardan Capital Markets LLC valued at $100,000,000 in aggregate gross purchase price (effective 2023-12-18).

Action: entry
Agreement: atm program
Counterparty: Chardan Capital Markets LLC
Value: $100,000,000 in aggregate gross purchase price
Effective: 2023-12-18

Exact text from the filing

On December 18, 2023, Allurion Technologies, Inc., a Delaware corporation (the “Company”) entered into a ChEF Purchase Agreement (the “Purchase Agreement”) and a Registration Rights Agreement (the “Registration Rights Agreement”), each with Chardan Capital Markets LLC (“Chardan”) related to a “ChEF,” Chardan’s committed equity facility (the “Facility”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

ALLURION TECHNOLOGIES, INC. entered into Registration Rights Agreement with Chardan Capital Markets LLC (effective 2023-12-18).

Action: entry
Counterparty: Chardan Capital Markets LLC
Effective: 2023-12-18

Exact text from the filing

On December 18, 2023, Allurion Technologies, Inc., a Delaware corporation (the “Company”) entered into a ChEF Purchase Agreement (the “Purchase Agreement”) and a Registration Rights Agreement (the “Registration Rights Agreement”), each with Chardan Capital Markets LLC (“Chardan”) related to a “ChEF,” Chardan’s committed equity facility (the “Facility”).

View on SEC.gov

119 material agreements filed in the last 30 days. Browse all material agreements →

ALLURION TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-297799

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.