other material
confidence high
sentiment neutral
materiality 0.70
United Health Products enters $10M equity line with White Lion; receives $200k and 2M shares from former exec settlement
United Health Products, Inc.
- Entered common stock purchase agreement with White Lion Capital for up to $10M over 36 months.
- Issued 757,576 commitment shares; purchase price at 93% of VWAP or closing floor of $0.30.
- Received ~$200k cash and 2M shares returned from former executive; shares available for reissuance.
- Litigation settlement with auditor-related defendant will yield cash payment this month.
- FDA PMA process continues; audit and production completion expected within 60 days.