other material
confidence high
sentiment neutral
materiality 0.50
NewHydrogen enters $3M equity financing with GHS; issues 803,536 commitment shares
NewHydrogen, Inc.
- Up to $3,000,000 funding via puts at 92.5% of lowest 10-day VWAP; 112.5% of put amount delivered in shares
- 803,536 commitment shares issued to GHS as equity incentive at 95% of VWAP on day before execution
- Puts limited to $500,000 each and 4.99% beneficial ownership cap; no short sales permitted
- Company to register shares via S-1 and use best efforts for effectiveness within 30-90 days of filing
- Agreement runs 24 months from S-1 effectiveness; GHS purchase capped at total $3,000,000