secwatch / observer
8-K filed May 16, 2023, 7:59 PM ET ticker SBFM CIK 0001402328
other material confidence high sentiment neutral materiality 0.70

Sunshine Biopharma closes $5M private placement, issues shares and warrants

Sunshine Biopharma Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sunshine Biopharma Inc. entered into Placement Agent Agreement with Aegis Capital Corp. valued at Commission of 10% of gross proceeds, 2% expense allowance, and 10% of proceeds from warrant exercise (effective 2023-05-12).

Action
entry
Agreement
underwriting
Counterparty
Aegis Capital Corp.
Value
Commission of 10% of gross proceeds, 2% expense allowance, and 10% of proceeds from warrant exercise
Effective
2023-05-12
Exact text from the filing
Aegis Capital Corp. (“Aegis”) acted as the placement agent in connection with the Private Placement. Pursuant to the placement agent agreement between the Company and Aegis (the “Placement Agent Agreement”), Aegis was paid a commission equal to 10% of the gross proceeds received by the Company in the Private Placement, and a non-accountable expense allowance equal to 2% of the gross proceeds, and will receive 10% of the proceeds from any exercise of Investor Warrants, payable on exercise.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sunshine Biopharma Inc. entered into Securities Purchase Agreement with accredited and institutional investor valued at Private placement of common stock, pre-funded warrants, and investor warrants for gross proceeds of (effective 2023-05-12).

Action
entry
Agreement
equity purchase
Counterparty
accredited and institutional investor
Value
Private placement of common stock, pre-funded warrants, and investor warrants for gross proceeds of
Effective
2023-05-12
Exact text from the filing
On May 12, 2023, Sunshine Biopharma, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with a certain accredited and institutional investor for a private placement (“Private Placement”) for the Company’s common stock, pre-funded warrants, each exercisable to purchase one share of common stock (“Pre-Funded Warrants”), and warrants, each exercisable to purchase one share of common stock (“Investor Warrants”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sunshine Biopharma Inc. entered into Registration Rights Agreement with accredited and institutional investor valued at Agreement to file a resale registration statement within 15 days of closing, with potential liquidat (effective 2023-05-12).

Action
entry
Counterparty
accredited and institutional investor
Value
Agreement to file a resale registration statement within 15 days of closing, with potential liquidat
Effective
2023-05-12
Exact text from the filing
In connection with the Purchase Agreement, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with the investor.
View on SEC.gov

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Sunshine Biopharma Inc. filing history →

Source: SEC EDGAR
accession 0001683168-23-003473
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