secwatch.observer — SEC 8-K summary
======================================

Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001539497-23-000085
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp secures up to $80.36M in Yorkville financings, contingent on GXII merger close
--------------------------------------------------------------------------------

- Yorkville Convertible Debt: up to $16M principal in 5% unsecured convertible debentures with 18-month term.
- Yorkville Equity Facility: standby purchase of up to $65M in common shares over 36 months post-closing.
- Financing closes only upon completion of NioCorp's business combination with GX Acquisition Corp. II.
- Proceeds to fund Elk Creek project construction and transaction expenses; TSX & shareholder approvals required.
- NioCorp must pay $1.6M termination fee if it walks away before first closing; Yorkville can exit after Mar 22, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000085/0001539497-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000085/n2574_x77-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-23-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer