other_material
confidence high
sentiment positive
materiality 0.75
Trans American Aquaculture secures up to $10M equity financing from GHS at 80% discount
Trans American Aquaculture, Inc
- Entered Equity Financing Agreement with GHS Investments for up to $10M over 36 months.
- Company can require GHS to buy shares at 80% of lowest traded price over 10 days (90% if Nasdaq listed).
- Each put minimum $5,000, maximum $500,000, capped at 200% of avg daily dollar volume over 10 days.
- GHS ownership capped at 4.99% of outstanding; company to file registration statement within 30 days.
item 1.01