ASP Isotopes raises ~$5M in private placement of common stock and warrants

ASP Isotopes Inc.

Gross proceeds ~$5M; net proceeds ~$4.52M after placement agent fees and expenses.
Issued 3,167,557 shares and warrants to purchase same number of shares at $1.58/unit.
Warrants exercisable at $1.75/share, starting six months from issuance, 5.5-year term.
H.C. Wainwright acted as exclusive placement agent, receiving 7% cash fee plus warrants.
Net proceeds to be used for working capital and general corporate purposes.

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

ASP Isotopes Inc. entered into Engagement Letter with H.C. Wainwright & Co., LLC valued at a total cash fee equal to 7.0% of the aggregate gross proceeds of the Offering (effective 2023-02-15).

Action: entry
Agreement: underwriting
Counterparty: H.C. Wainwright & Co., LLC
Value: a total cash fee equal to 7.0% of the aggregate gross proceeds of the Offering
Effective: 2023-02-15

Exact text from the filing

The Company engaged H.C. Wainwright & Co., LLC (the “Placement Agent”) to act as the Company’s exclusive placement agent in connection with the Offering, pursuant to the engagement letter (the “Engagement Letter”), dated as of February 15, 2023, between the Company and the Placement Agent.

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

ASP Isotopes Inc. entered into Securities Purchase Agreement with a single institutional investor valued at approximately $5 million (effective 2023-03-14).

Action: entry
Agreement: equity purchase
Counterparty: a single institutional investor
Value: approximately $5 million
Effective: 2023-03-14

Exact text from the filing

On March 14, 2023, ASP Isotopes Inc., a Delaware corporation (the “Company”), entered into a Securities Purchase Agreement (the “Purchase Agreement”) with a single institutional investor (the “Purchaser”)

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38 material agreements filed in the last 30 days. Browse all material agreements →

ASP Isotopes Inc. filing history →

Source: SEC EDGAR

accession 0001477932-23-001555

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