secwatch.observer — SEC 8-K summary
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Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0001539497-23-000339
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp amends Yorkville convertible debt financing; sets conversion price floor at 30% of VWAP
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- Amendment to Securities Purchase Agreement with YA II PN, Ltd. (Yorkville) dated Feb 24, 2023.
- Conversion price floor set at lesser of 30% of VWAP for 5 days before or after closing of the Transaction.
- Up to $16 million aggregate principal amount of unsecured convertible debentures under the Yorkville Financings.
- Yorkville Financings expected to become effective on closing of proposed business combination with GXII.
- Amendment filed as Exhibit 4.1; includes amended form of Convertible Debentures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000339/0001539497-23-000339-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000339/n2574_x90-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-23-000339

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