other material
confidence high
sentiment neutral
materiality 0.60
Indaptus enters $20M standby equity line with Yorkville; issues 305,960 commitment shares
Indaptus Therapeutics, Inc.
- Up to $20M equity purchase agreement with YA II PN (Yorkville) over 36 months.
- Shares sold at 97% of lowest 3-day VWAP; 305,960 commitment shares and $25k fee issued.
- Exchange cap 2,823,244 shares (19.99% of outstanding) unless price ≥$0.81722 or shareholder approval.
- Terminates prior Lincoln Park Capital purchase agreement from December 2022.
- Registration statement required before any advances can be drawn.