other material
confidence high
sentiment neutral
materiality 0.50
BioStem secures up to $40M committed equity facility with Roth Principal Investments
BioStem Technologies, Inc.
- Facility allows BioStem to sell up to $40M shares at its discretion over a 36-month term.
- Market Open/Intraday purchases priced at 3% VWAP discount; Pre/Post-Market at 5% discount.
- Pays $400k cash commitment fee (1% of facility) plus $75k legal and $50k QIU fees.
- Exchange cap of 19.99% (3,585,375 shares) unless avg price >=$4.3056 or shareholder approval.
- Proceeds intended for working capital and general corporate purposes; no obligation to draw.