debt
confidence high
sentiment neutral
materiality 0.35
Abpro amends conversion price definition in Yorkville convertible note to fix scrivener's error
Abpro Holdings, Inc.
- Amendment corrects 'Conversion Price' to lower of $11.50 fixed or 94% of lowest daily VWAP over 5 consecutive trading days.
- Yorkville note originally issued Nov 13, 2024 for $3M; net proceeds $2.755M.
- All other terms of the November 2024 note remain unchanged.
- Effective April 20, 2025; executed by Abpro CEO Miles Suk and Yorkville.