secwatch.observer — SEC 8-K summary
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Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2023-12-01T23:59:59+00:00
Accession:  0001539497-23-002071
Event type: other_material
Sentiment:  negative
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp issues 75,000 shares at $3.1185 each under Standby Equity Purchase Agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723002071/0001539497-23-002071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949723002071/n2574_x177-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-23-002071

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