BioAtla raises $7.5M via PPAs and $15M SEPA; Yorkville gets 243,428 commitment shares

BioAtla, Inc.

PPAs for $7.5M face amount; net proceeds ~$7.13M at 95% of face; due in 12 months.
PPA conversion price is lower of 115% of prior VWAP or 95% of lowest 7-day VWAP, with floor at 20% of closing price.
SEPA allows BioAtla to sell up to $15M common stock to Yorkville over 36 months at 97% of lowest 3-day VWAP.
Yorkville received 243,428 commitment shares worth $300,000 as SEPA fee.
Company restricts other variable-rate transactions until PPA repaid; 19.99% Exchange Cap may limit total shares.

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