CirTran signs $10M standby equity deal with YA II PN; issues 3.85M commitment shares

CIRTRAN CORP

CirTran may sell up to $10M of common stock to YA II PN at its option over 24 months, with no mandatory minimum advances.
Company must issue 3,846,154 commitment shares to YA PN in December 2026 as a fee for the equity line.
50% of any proceeds must be used to reduce debt (including accrued interest) to Tekfine, LLC under a Forbearance Agreement.
Per-share purchase price based on VWAP during a pricing period; company may set a minimum acceptable price.
YA PN's beneficial ownership capped at 4.99% of outstanding common shares; no short sales allowed by either party.

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

CIRTRAN CORP entered into Standby Equity Purchase Agreement with YA II PN, Ltd. valued at $10,000,000 (effective 2025-12-22).

Action: entry
Agreement: equity purchase
Counterparty: YA II PN, Ltd.
Value: $10,000,000
Effective: 2025-12-22

Exact text from the filing

On December 22, 2025, we entered into a Standby Equity Purchase Agreement (the “Purchase Agreement”) with YA II PN, Ltd., a Cayman Islands exempt limited partnership(“YA”). Under the Purchase Agreement, we have the right to sell to YA up to $10,000,000 of shares of our common stock, subject to certain limitations and conditions set forth in the Purchase Agreement, from time to time during the term of the Purchase Agreement.

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Source: SEC EDGAR

accession 0001493152-25-029335

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