other material
confidence high
sentiment negative
materiality 0.75
AB International Group enters $1M equity line with Alumni Capital at 75% discount, issues 50M-share warrant
AI Era Corp.
- Purchase agreement allows company to sell up to $1M of common stock to Alumni Capital at 75% of lowest VWAP over prior 5 days.
- Warrant to purchase 50,000,000 shares at $0.02 per share issued as consideration for the commitment.
- Minimum purchase notice $25,000; maximum $500,000; no purchase if VWAP is at or below $0.001.
- Investor ownership is capped at 9.99% of outstanding common stock.
- Agreement expires December 31, 2022 or when $1M in shares have been purchased.