other material
confidence high
sentiment neutral
materiality 0.65
Callan JMB expands equity line to $75M from $25M; terms at 95%/90% of trading price
CALLAN JMB INC.
- Amended purchase agreement raises available ELOC to $75M (up from $25M) through April 1, 2027.
- Regular purchases $500K-$2M per notice at 95% of lowest daily price (75% if delisted); floor price $1.00.
- Exemption purchases priced at 90% (80% if delisted); investor capped at 4.99% beneficial ownership.
- Termination fee of $250K if Company sells under $7.5M; amended registration rights require filing within 30 days.
- Failure to file/effect registration triggers issuance of 25,000 shares per missed deadline.