MediciNova enters $30M equity purchase agreement with Yorkville at 97% of VWAP

MEDICINOVA INC

May sell up to $30M in common stock over 36 months via periodic advances.
Purchase price set at 97% of the lowest of three daily VWAPs during a three-day pricing period.
Fees: $25,000 structuring fee and $375,000 commitment fee paid to Yorkville.
Exchange cap of 9,804,345 shares (19.99% of outstanding) unless stockholder approval or $1.33/share average price met.
Yorkville's beneficial ownership limited to 4.99% of outstanding shares.

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