Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ASP Isotopes Inc. entered into Convertible Note Purchase Agreement with certain institutional and individual investors valued at gross proceeds of approximately $20.5 million (effective 2024-02-29).
- Action
- entry
- Agreement
- notes offering
- Counterparty
- certain institutional and individual investors
- Value
- gross proceeds of approximately $20.5 million
- Effective
- 2024-02-29
Exact text from the filing
On February 29, 2024, Quantum Leap Energy LLC (“QLE”), a wholly owned subsidiary of ASP Isotopes Inc. (the “Company” or “we”), entered into a Convertible Note Purchase Agreement (the “Purchase Agreement”) with certain institutional and individual investors (collectively, the “Purchasers”), to issue and sell to the Purchasers convertible promissory notes of QLE (the “QLE Notes”) in an offering to non-U.S. persons outside of the United States under Regulation S of the Securities Act of 1933, as amended (the “Securities Act”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
ASP Isotopes Inc. entered into Placement Agent Agreement with Ocean Wall Limited valued at fee equal to 5.0% of the gross proceeds, 50% cash and 50% convertible promissory note (effective 2024-02-29).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Ocean Wall Limited
- Value
- fee equal to 5.0% of the gross proceeds, 50% cash and 50% convertible promissory note
- Effective
- 2024-02-29
Exact text from the filing
The Company and QLE engaged Ocean Wall Limited (the “Placement Agent”) to act as QLE’s sole placement agent in connection with the offering of QLE Notes, pursuant to a placement agency agreement (the “Placement Agent Agreement”), dated as of February 29, 2024, between the Company, QLE and the Placement Agent.
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