secwatch.observer — SEC 8-K summary
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Issuer:     Vemanti Group, Inc. (VMNT)
CIK:        0001605057
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001477932-22-008268
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1605057/000147793222008268/0001477932-22-008268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1605057/000147793222008268/vemanti_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-22-008268

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