secwatch.observer — SEC 8-K summary
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Issuer:     NIOCORP DEVELOPMENTS LTD (NB)
CIK:        0001512228
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0001539497-25-000227
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud

NioCorp closes $5M underwritten offering of common shares and warrants
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- Offering of 2,577,320 units at $1.94 each, each unit comprising one common share, one Series A warrant (exercise $1.98), and one-half Series B warrant (exercise $2.05).
- Gross proceeds ~$5.0 million; net proceeds ~$4.28 million after underwriting discount and expenses.
- Net proceeds to repay portion of unsecured notes from April 2024 and fund working capital for Elk Creek critical minerals project.
- Maxim Group LLC acted as sole book-running manager; 60-day lock-up for company and executives on share sales.
- Offering closed on January 31, 2025; Series A warrants expire August 2027, Series B warrants expire January 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512228/000153949725000227/0001539497-25-000227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512228/000153949725000227/n2574_x246-8k.htm
  HTML page:      https://secwatch.observer/filing/0001539497-25-000227

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