other material
confidence high
sentiment neutral
materiality 0.60
Global Diversified Marketing enters equity line for up to $5M with Williamsburg Venture Holdings
NetBrands Corp.
- Company may sell up to $5M in common stock over 12 months at 90% of VWAP, subject to volume limits.
- Issued 50,000 commitment shares to investor; maximum per put is the lower of $500K or 200% of average daily volume.
- Registration filing due by Dec 31, 2021; beneficial ownership capped at 4.99% for investor.
- Company can terminate agreement at any time with no cost or penalty.
- Liquidated damages of $25,000 if CEO/CFO Paul Adler resigns or is removed.