other material
confidence high
sentiment neutral
materiality 0.60
Chilean Cobalt Corp. closes Series B financing raising $1M through sale of convertible preferred stock
Chilean Cobalt Corp.
- Sold 497,810 Series B convertible preferred shares on Jan 15 & 17, 2025 at $0.45/share for $224,014.50; total round is 2,222,225 shares for $1,000,001.25.
- Series B preferred converts to common stock on Dec 31, 2025; holders vote on an as-converted basis with common stock.
- Anti-dilution protections: if securities issued below $0.45/share, holders receive adjustment; warrants for major exempt issuances.
- Securities sold in unregistered transaction under Section 4(a)(2) and Rule 506 of Regulation D.