other material
confidence high
sentiment neutral
materiality 0.50
China Pharma enters into up to $600,000 at-the-market equity offering with institutional investor
CHINA PHARMA HOLDINGS, INC.
- SPA signed Dec 12, 2024 for up to $600K of common stock at market price, floor $0.15.
- Commitment period Dec 12 – Dec 31, 2024; investor has sole discretion to purchase.
- Pricing: lower of prior day close or 5-day avg; repricing if delivery delayed; MFN clause for 30 days.
- Investor may return shares within one business day for any reason; no minimum offering amount.
- Shares issued under existing S-3 shelf (File 333-276481); proceeds not determinable.