Vemanti Group enters equity financing agreement with Jefferson Street Capital for up to $10M in common stock

Vemanti Group, Inc.

Equity Financing Agreement allows Vemanti to sell up to $10M of common stock to Jefferson Street Capital over 24 months after registration statement effective.
Purchase price set at 82.5% of lowest trading price during 12 consecutive trading days prior to each Put Notice.
Maximum $500,000 per Put; minimum 10 trading days between puts; no single put exceeds 250% of average daily dollar volume.
Make-whole adjustment: if VWAP <82.5% of Market Price within 7 trading days, additional shares may be issued up to 10% of Put amount.
Company agreed to file registration statement within 30 days; Jefferson is limited to 4.99% beneficial ownership.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Vemanti Group, Inc. entered into Equity Financing Agreement with Jefferson Street Capital LLC valued at up to $10 million (effective 2022-10-25).

Action: entry
Agreement: equity purchase
Counterparty: Jefferson Street Capital LLC
Value: up to $10 million
Effective: 2022-10-25

Exact text from the filing

On November 7, 2022, Vemanti Group, Inc. (the “Company”), a Nevada corporation, entered into an equity financing agreement (the “Equity Financing Agreement”), dated as of October 25, 2022, with Jefferson Street Capital LLC (“Jefferson”), a New Jersey limited liability company.

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Vemanti Group, Inc. filing history →

Source: SEC EDGAR

accession 0001477932-22-008268

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