other material
confidence high
sentiment neutral
materiality 0.60
Autonomix Medical enters $15M equity purchase agreement with Lincoln Park Capital
Autonomix Medical, Inc.
- Lincoln Park committed to purchase up to $15M in common stock over 24 months at Company's discretion.
- Company issued 261,932 commitment shares to Lincoln Park as upfront consideration.
- Purchase price is 97% of lower of daily low or avg of 3 lowest closing prices over prior 10 days.
- Company may direct Regular Purchases of 30,000-75,000 shares, capped at $500k per purchase.
- Proceeds to be used for working capital and general corporate purposes.