Idaho Copper raises capital via 19-unit Series A Preferred and warrant offering

Idaho Copper Corp

Sold 19 units, each with 1 share of Series A Preferred (convertible into 50,000 common) and 62,500 warrants at $0.24.
Series A Preferred has $12,000 liquidation value, 12% dividend in common after Dec 31, 2024 if no uplist.
Warrants exercisable for 3 years at $0.24 per share; company will file resale registration for underlying shares.
Unregistered offering under Section 4(a)(2)/Rule 506(b); aggregate potential dilution of up to 2,137,500 common shares.
Certificate of Designation filed Jan 11, 2024 establishing Series A Preferred rights and preferences.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Idaho Copper Corp: Filed Certificate of Designation establishing Series A Preferred Stock with rights, preferences, and limitations (effective 2023-01-11).

Change: charter amendment
Effective: 2023-01-11

Exact text from the filing

On January 11, 2023, the Company filed the Certificate of Designation with the Nevada Secretary of State.

View on SEC.gov

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Idaho Copper Corp filing history →

Source: SEC EDGAR

accession 0001493152-24-002626

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