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

Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2023-03-17T23:59:59+00:00
Accession:  0001539497-23-000458
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 3.01, 3.02, 3.03, 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp closes business combination with GXII, lists on Nasdaq; secures up to $71.9M financing
--------------------------------------------------------------------------------

- Closed merger with GX Acquisition Corp. II; common shares and warrants begin trading on Nasdaq March 21 under NB and NIOBW.
- Reverse stock split at 10-for-1 effected; post-split shares outstanding: 30.1M common, 8.0M Class B exchangeable, 15.7M warrants.
- Issued $16.0M convertible debentures and 1.79M warrants to Yorkville; standby equity facility provides up to $71.9M over three years.
- Net cash from GXII trust account ~$15.9M after $288.8M redemptions; estimated cash after transactions ~$15.4M.
- Appointed Michael Maselli and Dean Kehler to the board of directors effective upon closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000458/0001539497-23-000458-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723000458/n2574_x103-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-23-000458

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