debt
confidence high
sentiment neutral
materiality 0.70
Cardiff Lexington enters up to $75M equity purchase agreement with Leonite Fund I
Cardiff Lexington Corp
- Commits to sell up to $25M in common stock; Company may increase to $75M at its sole discretion.
- Commitment shares: $250k in stock upfront, plus $500k more if total raised to $75M.
- Purchase price at 97% of lowest 5-day VWAP or lowest trade price on day 3 after purchase; 90% if under $0.20.
- Company controls timing and amount; investor capped at 4.99% beneficial ownership and barred from shorting.
- Registration statement due within 45 days; 36-month investment period; Company may terminate on 5 days' notice.