other material
confidence high
sentiment negative
materiality 0.65
Vemanti Group enters $2M equity commitment agreement with Alpha Sigma Capital at 85% of VWAP
Vemanti Group, Inc.
- Investor can require Vemanti to sell up to $2M of common stock at 85% of VWAP.
- Minimum put amount is $200,000; each put triggers a warrant to purchase same number of shares at same price, expiring in 2 years.
- Management fee of 2% of each purchase price payable to investor.
- If $2M purchased before March 11, 2023, investor gets right to purchase twice the number of shares.