secwatch.observer — SEC 8-K summary
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Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2024-04-12T23:59:59+00:00
Accession:  0001539497-24-000818
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp closes $8M private placement of unsecured notes and warrants
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- Closed $8M aggregate principal unsecured notes private placement; net proceeds of $6.96M.
- Notes mature Dec 31, 2024; 0% interest (18% upon default); monthly $1.4M principal payments starting June 2024.
- Issued warrants to purchase up to 615,385 common shares at $3.25/share, exercisable for 3 years.
- Notes convertible at $2.75/share into up to 3,141,817 common shares; subject to beneficial ownership limits.
- Proceeds used for working capital, payables, operating expenses, and placement fees.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949724000818/0001539497-24-000818-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949724000818/n2574_x206-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-24-000818

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