Global Diversified Marketing engages Spencer Clarke as exclusive placement agent; issues warrants for 2% of shares

NetBrands Corp.

Issued warrants to purchase 310,715 shares (2% of outstanding) at $0.001 exercise price, 5-year term, on Nov 14, 2022.
Upon a qualified financing over $1M, additional warrants for 3% of outstanding will be issued.
Minimum cash fee of $100,000 per closing of any financing or transaction.
Term is 6 months with automatic 3-month renewals; piggyback registration rights and cashless exercise on warrants.

item 1.01 item 3.02 item 9.01

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

NetBrands Corp. entered into Engagement Agreement with Spencer Clarke, LLC (effective 2022-11-14).

Action: entry
Counterparty: Spencer Clarke, LLC
Effective: 2022-11-14

Exact text from the filing

On November 14, 2022 (the “Effective Date”), Global Diversified Marketing Group Inc., a Delaware corporation (the “Company”), entered into an engagement agreement (the “Engagement Agreement”) with Spencer Clarke, LLC

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NetBrands Corp. filing history →

Source: SEC EDGAR

accession 0001493152-22-034954

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