other material
confidence high
sentiment neutral
materiality 0.75
Cosmos Group Holdings enters equity purchase agreement for up to $30M with Williamsburg Venture Holdings
Cosmos Group Holdings Inc.
- Company may sell up to $30M of common stock to Williamsburg over 36 months; purchase price set at 88% of lowest 5-day trading price.
- Maximum put amount capped at $500,000 or 200% of average daily volume per put notice; at least 10 trading days between puts.
- Registration Rights Agreement filed to register shares issuable under the equity line.
- Commitment shares of 100,000 shares issued to Williamsburg as additional consideration.
- Agreement provides capital at a significant discount and may be dilutive to existing shareholders.