other_material
confidence high
sentiment neutral
materiality 0.40
ZyVersa enters $10M equity purchase agreement with Williamsburg Venture Holdings to fund VAR 200 clinical development
ZyVersa Therapeutics, Inc.
- Up to $10M of common stock; company controls timing and amount of sales over 24-month term.
- Purchase price set at 94% of lowest VWAP during three trading days after each sale clears.
- 2.5% commitment fee in common shares, with piggyback registration rights; no warrants or derivatives.
- Funds intended to progress clinical development of Cholesterol Efflux Mediator TM VAR 200 for chronic kidney disease.
- Issuance capped at 19.99% of outstanding shares unless stockholder approval is obtained.
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