other material
confidence high
sentiment negative
materiality 0.60
Propanc Biopharma enters Series C Preferred Stock financing with Hexstone Capital
Propanc Biopharma, Inc.
- Issues 100 shares of Series C Preferred convertible at lesser of $5.00 fixed or 85% of lowest trading price over conversion period.
- Warrant issued to purchase up to 9,900 additional Series C shares at $10,000 per warrant share.
- Company reserves shares equal to 200% of maximum conversion shares; closing subject to filing Certificate of Designation with Delaware.
- Transaction includes Voting Agreement with officers/directors and Registration Rights Agreement for warrant shares.