other_material
confidence high
sentiment neutral
materiality 0.60
Glucotrack signs up to $20M equity purchase agreement with Sixth Borough Capital Fund
Glucotrack, Inc.
- Investor committed to buy up to $20M of common stock over 24 months at company's discretion.
- Regular purchase price at 97% of VWAP; add-on/intraday at 95% of VWAP.
- Commitment fee of 1.5% ($300k) payable in cash, stock, or warrants on Commencement Date.
- Exchange cap of 179,792 shares (19.99% of outstanding) unless stockholder approval or price condition met.
- Investor prohibited from short sales; company may terminate pact with 1 business day notice.
item 1.01item 3.02item 9.01