other_material
confidence high
sentiment neutral
materiality 0.55
Allarity Therapeutics enters $6M equity line of credit with Tumim Stone Capital
Allarity Therapeutics, Inc.
- Company may sell up to $6M of common stock at 95-97% of VWAP discount.
- Commitment fee of $45,000 paid to investor upon execution.
- Shares subject to Exchange Cap (19.99% of outstanding) unless stockholder waiver obtained.
- Company must seek stockholder approval at next annual meeting to waive Exchange Cap.
- Investor cannot own more than 4.99% (or 9.99% at its election) of outstanding shares.
item 1.01item 9.01