other material
confidence high
sentiment neutral
materiality 0.60
King Resources enters $20M equity purchase agreement with Williamsburg Venture Holdings
King Resources, Inc.
- Up to $20M of common stock may be sold to Williamsburg over commitment period ending June 2025.
- Purchase price set at 88% of lowest traded price during the 5 trading days after each put.
- Company issued 525M commitment shares as consideration for the investor's obligations.
- Registration Rights Agreement filed to register shares issuable under the facility.