other material
confidence high
sentiment neutral
materiality 0.75
NioCorp raises ~$139.1M in registered direct offering of common shares and pre-funded warrants
NIOCORP DEVELOPMENTS LTD
- Placed 10,152,175 common shares at $9.34/share and 5,925,000 pre-funded warrants at $9.3399/warrant via Maxim Group LLC.
- Net proceeds of ~$139.1M after placement agent fees and expenses; offering closed Oct 15, 2025.
- Pre-funded warrants exercisable for one common share at $0.0001, no expiration, subject to 4.99%/9.99% beneficial ownership limitation.
- Lock-up agreements for officers/directors for 30 days; company restricted from issuing additional shares until Nov 28, 2025.