ASP Isotopes raises ~$9.1M via private placement of 9.95M shares; Tees River to own ~14%

ASP Isotopes Inc.

Sold 9,952,510 shares at $0.9105-$0.96 per share for aggregate gross proceeds of ~$9.1M.
Tees River Critical Resources Fund participated and will hold ~14% of outstanding shares post-closing.
Company directors also purchased shares in the placement.
Proceeds to fund working capital, achieve first revenues, and accelerate HALEU enrichment projects.
Ocean Wall acted as sole placement agent, receiving 5% fee.

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 Securities Purchase Agreements with certain institutional and other accredited investors and certain directors of the Company valued at approximately $9.1 million (effective 2023-10-09).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional and other accredited investors and certain directors of the Company
Value: approximately $9.1 million
Effective: 2023-10-09

Exact text from the filing

On October 9, 2023 and October 10, 2023, ASP Isotopes Inc., a Delaware corporation (the “Company”), entered into Securities Purchase Agreements (the “Purchase Agreements”) with certain institutional and other accredited investors and certain directors of the Company (collectively, the “Purchasers”), pursuant to which the Company has agreed to issue and sell an aggregate of 9,952,510 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), for aggregate cash consideration of approximately $9.1 million

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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 0001477932-23-007572

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