other material
confidence high
sentiment negative
materiality 0.35
NioCorp issues 75,000 shares at $3.1185 each under Standby Equity Purchase Agreement
NIOCORP DEVELOPMENTS LTD
- Issued and sold 75,000 common shares at $3.1185 per share (97% of Nasdaq VWAP) on December 1, 2023.
- Settlement of Advance Notice delivered Nov 28, 2023 under the January 26, 2023 Standby Equity Purchase Agreement.
- Gross proceeds approximately $234,000; shares unregistered, sold under Section 4(a)(2) exemption.
- Issuance provides working capital but dilutes existing shareholders by ~0.06% based on prior outstanding.
- Facility remains available for future advances at similar pricing terms.