other material
confidence high
sentiment neutral
materiality 0.60
Salarius enters $10M equity purchase agreement with C/M Capital Fund
Decoy Therapeutics Inc.
- Up to $10M of common stock may be sold over 36 months at 95% of VWAP or closing price.
- Purchaser C/M Capital Master Fund obligated to buy when Company directs, subject to conditions.
- Exchange Cap of 19.99% of outstanding shares unless stockholder approval or 'at market' exception.
- Company to file registration statement within 30 days covering resale of shares.
- Proceeds for working capital and general corporate purposes.