secwatch.observer — SEC 8-K summary
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Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001539497-24-002341
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NioCorp closes ~$2.5M public offering of common shares and warrants; net proceeds ~$1.4M
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- Registered Offering of 1.59M common shares, 1.59M Series A warrants ($1.75, 2yr), 0.80M Series B warrants ($2.07, 5yr) at $1.57/unit.
- Gross proceeds ~$2.5M; net proceeds ~$1.39M after underwriting discounts and expenses.
- Concurrent private placement expected to close Nov 11, 2024; combined total ~$6.0M.
- Proceeds to fund Elk Creek Project, working capital, and repay CEO Mark Smith's $2.0M credit facility.
- Underwriter Maxim Group LLC partially exercised over-allotment for additional warrants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949724002341/0001539497-24-002341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949724002341/n2574_x223-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-24-002341

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