other material
confidence high
sentiment positive
materiality 0.55
InMed enters $10M standby equity facility with Yorkville; shares at 97% of VWAP
InMed Pharmaceuticals Inc.
- Up to $10M common shares may be sold to YA II PN, Ltd (Yorkville) at 97% of lowest daily VWAP over 3-day pricing period.
- Facility runs until Jan 1, 2027 (~36 months); issuance capped at 19.99% of outstanding (unless pricing conditions met).
- Company pays $25k structuring fee plus 2.50% commitment fee ($250k) – 25% cash upfront, 75% deferred quarterly.
- Proceeds for working capital and general corporate purposes; CEO cites flexibility and extended runway.
- Sales at company's discretion; no obligation to sell any shares.