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Green Giant Announces Pricing Of Public Offering; To Sell $5.95M Of Its Units; Agreed To Sell 35M Units At Per Unit Purchase Price Of $0.17

Green Giant Announces Pricing Of Public Offering; To Sell $5.95M Of Its Units; Agreed To Sell 35M Units At Per Unit Purchase Price Of $0.17

绿色巨人宣布公开发行定价;将出售其595万美元的单位;同意以每单位收购价0.17美元出售3500万套
Benzinga ·  2023/12/12 22:02

Under the terms of the securities purchase agreement, GGE has agreed to sell 35,000,000 units at a per unit purchase price of $0.17. The Class A common warrants will be exercisable immediately upon the increase of the Company's authorized shares for a term of five years and have an initial exercise price of $0.17 subject to certain reset 30 trading days after the increase of the Company's authorized shares. The Class B common warrants will be exercisable immediately upon the date of issuance for a term of five years and have an initial exercise price of $0.27. In addition to the customary cashless exercise rights provided in both the Class A common warrants and the Class B common warrants, the Class B common warrants will also provide an alternate cashless exercise allowing the holder to right to exercise at any time, on a cashless exercise basis for a larger number of shares of common stock under certain conditions. The Company agreed to hold a shareholders' meeting within 120 days of closing of the Offering to increase the authorized share of common stock of the Company. The holders of the warrants agreed not to exercise cashlessly below $1.50 during the first 20 trading days after effectuation of a reverse split of the common stock.

根据证券购买协议的条款,GGE已同意以每单位购买价0.17美元的价格出售3500万套。A类普通认股权证将在公司授权股增加后立即行使,期限为五年,初始行使价为0.17美元,但须在公司授权股上涨30个交易日后进行某些重置。B类普通认股权证将在发行之日起立即行使,期限为五年,初始行使价为0.27美元。除了A类普通认股权证和B类普通认股权证中规定的惯常无现金行使权外,B类普通认股权证还将提供另一种无现金行使权,允许持有人在某些条件下以无现金行使的方式随时行使大量普通股。公司同意在发行结束后的120天内举行股东大会,以增加公司普通股的授权份额。认股权证的持有人同意,在普通股反向拆分生效后的前20个交易日内,不以低于1.50美元的无现金方式行使。

译文内容由第三方软件翻译。


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