other_material
confidence high
sentiment neutral
materiality 0.70
TOMI enters $20M equity purchase agreement with Hudson Global Ventures
TOMI Environmental Solutions, Inc.
- Company can sell up to $20M of common stock to Hudson over 24 months at 92% of market price.
- Issued 52,000 commitment shares to Hudson as upfront consideration.
- Purchase price is lesser of 92% of avg of three lowest prices in 10 days or 92% of lowest closing price in valuation period.
- Sales limited to 19.99% of outstanding shares unless stockholder approval is obtained.
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