secwatch.observer — SEC 8-K summary
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Issuer:     SUNHYDROGEN, INC. (HYSR)
CIK:        0001481028
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001213900-24-049059
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SunHydrogen enters $50M equity purchase agreement with GHS Investments
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1481028/000121390024049059/0001213900-24-049059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1481028/000121390024049059/ea0207256-8k_sunhydro.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-049059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer