INVO Bioscience enters $850K equity purchase agreement with Triton Funds, issues warrants at $2.00/share

INVO Fertility, Inc.

Up to 1,000,000 shares at $0.85/share sold to Triton, aggregate proceeds capped at $850,000.
Private placement warrants for 1,000,000 shares at $2.00/share, immediately exercisable, expire in 5 years.
Purchase agreement expires Dec 31, 2024; Triton obligated to buy on Company's request but no shorting allowed.
Until shareholder approval, shares issued limited to 523,344 (19.9% of outstanding common stock) under Nasdaq rules.
Proceeds used for general corporate purposes; warrants unregistered and no trading market expected.

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

INVO Fertility, Inc. entered into Purchase Agreement with Triton Funds LP valued at up to $850,000 (effective 2024-03-27).

Action: entry
Agreement: equity purchase
Counterparty: Triton Funds LP
Value: up to $850,000
Effective: 2024-03-27

Exact text from the filing

On March 27, 2024, INVO Bioscience, Inc., a Nevada corporation (the “ Company ”) entered into a purchase agreement (the “ Purchase Agreement ”) with Triton Funds LP (“ Triton ”), pursuant to which the Company agreed to sell, and Triton agreed to purchase, upon the Company’s request in one or more transactions, up to 1,000,000 shares of the Company’s common stock, par value $0.0001 per share, providing aggregate gross proceeds to the Company of up to $850,000.

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INVO Fertility, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-012342

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