SunHydrogen enters $45M equity purchase agreement with GHS Investments

SUNHYDROGEN, INC.

Company may sell up to $45M of common stock to GHS over 14-month term.
Minimum $100K, max $2M per purchase; price at 90% of lowest VWAP over 5 days.
Shares issued at 112.5% of Purchase Amount divided by Purchase Price; 4.99% ownership cap.
Placement agent fee of 2% of gross proceeds to Icon Capital Group.
GHS previously purchased under agreements dated Sept 2020 and Feb 2021.

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

SUNHYDROGEN, INC. entered into Purchase Agreement with GHS Investments, LLC valued at $45,000,000 (effective 2022-11-17).

Action: entry
Agreement: equity purchase
Counterparty: GHS Investments, LLC
Value: $45,000,000
Effective: 2022-11-17

Exact text from the filing

On November 17, 2022, SunHydrogen, Inc. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with GHS Investments, LLC (“GHS”).

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

SUNHYDROGEN, INC. filing history →

Source: SEC EDGAR

accession 0001213900-22-074587

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