other material
confidence high
sentiment neutral
materiality 0.65
SunHydrogen enters $50M equity purchase agreement with GHS Investments
SUNHYDROGEN, INC.
- SunHydrogen can sell up to $50M of common stock to GHS Investments over 2-year term.
- Per purchase notice, minimum $100k, maximum $2M; shares issued at 112.5% of purchase amount divided by purchase price.
- Purchase price set at 90% of lowest VWAP over 5 consecutive business days.
- Beneficial ownership capped at 4.99%; no trading volume restrictions.
- Company pays 2% placement agent fee to Icon Capital Group on gross proceeds.