NEWS
Rail Vision Announces $20 Million Standby Equity Purchase Agreement
Rail Vision (Nasdaq: RVSN) has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, , a fund managed by Yorkville Advisors Global, LP. The agreement allows Rail Vision to sell up to $20 million of its ordinary shares to Yorkville over a three-year period, with no obligation to utilize the full amount.
Key points of the SEPA include:
3% discount on the lowest daily volume weighted average price during a three-day period
No minimum commitments or use penalties
No restrictions on Rail Vision's operating activities
CEO Shahar Hania stated that this strategic partnership provides flexibility to support ongoing operations and accelerate growth initiatives in the railway safety and efficiency sector through AI-based technology.
Rail Vision (Nasdaq: RVSN) has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, , a fund managed by Yorkville Advisors Global, LP. The agreement allows Rail Vision to sell up to $20 million of its ordinary shares to Yorkville over a three-year period, with no obligation to utilize the full amount.
Key points of the SEPA include:
3% discount on the lowest daily volume weighted average price during a three-day period
No minimum commitments or use penalties
No restrictions on Rail Vision's operating activities
CEO Shahar Hania stated that this strategic partnership provides flexibility to support ongoing operations and accelerate growth initiatives in the railway safety and efficiency sector through AI-based technology.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Spread kindness and love. Life is short. Don’t let greed eat you.
2608Followers
107Following
28KVisitors
Follow