other material
confidence high
sentiment neutral
materiality 0.50
Synergy CHC enters up to $36M equity purchase agreement with Hudson Global Ventures
Synergy CHC Corp.
- Equity line of credit allows company to sell up to $36M of common stock over 24 months at 95% of market price.
- Hudson Global received a warrant to purchase 1,540,000 shares at $0.01 per share, exercisable for 5 years.
- Minimum put size $25,000; maximum $2.5M or 200% of average daily trading value per put.
- Company must file registration statement within 30 days; covenants restrict other variable-rate transactions.
- Warrant automatically extinguishes if stock becomes a penny stock; beneficial ownership limited to 4.99%.