ASP Isotopes receives ~$5.5M from warrant exercise, issues new warrants at $3.90 strike

ASP Isotopes Inc.

Holder Armistice Capital exercises 3,164,557 existing warrants at $1.75 for ~$5.5M gross proceeds.
Company issues 1,225,000 new warrants at $3.90, exercisable after 6 months, expiring in 5 years.
Company agrees to 30-day no-issuance and 180-day no variable rate transaction covenants.
Proceeds will be used for working capital and general corporate purposes.
New warrants are unregistered; resale registration statement due within 30 days.

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 Inducement Agreement with a certain holder (the "Holder") of warrants to purchase shares of the Company’s common stock valued at aggregate gross proceeds of approximately $5.5 million (effective 2024-04-09).

Action: entry
Counterparty: a certain holder (the "Holder") of warrants to purchase shares of the Company’s common stock
Value: aggregate gross proceeds of approximately $5.5 million
Effective: 2024-04-09

Exact text from the filing

On April 9, 2024, ASP Isotopes Inc. (the “Company”) entered into a warrant inducement agreement (the “Inducement Agreement”) with a certain holder (the “Holder”) of warrants to purchase shares of the Company’s common stock

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

ASP Isotopes Inc. filing history →

Source: SEC EDGAR

accession 0001477932-24-001931

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