secwatch / observer
8-K filed February 23, 2023, 6:59 PM ET ticker EVFM CIK 0001618835
debt confidence high sentiment neutral materiality 0.60

Evofem Biosciences raises ~$739k net via sale of convertible notes and warrants

Evofem Biosciences, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Evofem Biosciences, Inc. entered into Securities Purchase Agreement with certain investors valued at aggregate original principal amount of $1,384,615.39 (effective 2023-02-17).

Action
entry
Agreement
notes offering
Counterparty
certain investors
Value
aggregate original principal amount of $1,384,615.39
Effective
2023-02-17
Exact text from the filing
On February 17, 2023, Evofem Biosciences, Inc., a Delaware corporation (the “ Company” ), entered into a securities purchase agreement (“ SPA” ), with certain investors (the “ Investors ”) providing for the sale and issuance of senior subordinate convertible notes due in the aggregate original principal amount of $1,384,615.39 (the “ Notes” ) and warrants (“ Warrants” ) to purchase an aggregate 69,230,769 shares of common stock, par value $0.0001 per share (the “ Common Stock ”) (collectively, the “ Offering” ). The Offering closed on February 17, 2023 (the “ Closing Date” ) and as a result, the Company issued an aggregate $1,384,615.39 in the aggregate principal amount of Notes and Warrants to purchase 69,230,769 shares of Common Stock.
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Evofem Biosciences, Inc. filing history →

Source: SEC EDGAR
accession 0001618835-23-000011
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