other material
confidence high
sentiment neutral
materiality 0.60
Golden Matrix Group enters $20M ATM equity distribution agreement with Craig-Hallum
Meridian Holdings Inc./NV
- Company may sell up to $20M of common stock at-the-market through Craig-Hallum as sales agent.
- Commission of 3.0% on gross proceeds; Craig-Hallum also receives up to $50k in expense reimbursement plus $5k per quarter.
- Net proceeds will be used for general corporate purposes, including working capital and capital expenditures.
- Either party may terminate the agreement at any time upon written notice; no minimum sales obligation.