other_material
confidence high
sentiment negative
materiality 0.70
NFiniTi (shell) enters $20M equity line with RH2 at 60% VWAP discount
NFiniTi inc.
- Entered ELOC with RH2 Equity Partners for up to $20M in common stock sales over 2 years.
- VWAP purchase price at 60% of lower of closing price or avg daily trading price over 5–30 days.
- Rapid purchase price is lowest traded price on notice date; optional rapid put at 50% of lowest intraday.
- Company is a shell company; resale restrictions apply; registration statement due within 30 days.
- Investor subject to 4.99% beneficial ownership cap, expandable to 9.99% with 61 days' notice.
item 1.01item 3.02item 9.01