This prospectus relates to the potential offer and sale, from time to time, of an aggregate of 10,882,355 common shares, no par value (“Common Shares”), of Psyence Biomedical Ltd., a corporation organized under the laws of Ontario, Canada (“Psyence,” the “Company,” “we,” “us” or “our”) by the selling securityholders named in this prospectus (each a “Selling Securityholder”), consisting of (i) 182,323 Common Shares issued to the Harraden Funds (as defined below) pursuant to the Termination Agreement, (ii) 337,750 Common Shares issued to Psyence Group Inc (“PGI” or “Parent”) pursuant to the Company’s make-whole obligations under the PGI Swap Agreements (as defined below), (iii) 257,021 Common Shares issued to PGI pursuant to the Company’s make-whole obligations under the Psylabs Purchase Agreement (as defined below), (iv) 43,080 Common Shares issued to Newcourt SPAC Sponsor LLC (the “Sponsor”) pursuant to the Company’s debt settlement obligations under the Sponsor Swap Agreement (as defined below), (v) 62,181 Common Shares issued pursuant to the Company’s make-whole obligations under the Sponsor Swap Agreements, and (vi) an aggregate of up to 10,000,000 Common Shares (the “Commitment Shares”) issuable by the Company to White Lion Capital, LLC (“White Lion”) pursuant to the White Lion Purchase Agreement (as defined below). Such Common Shares issued pursuant to the Swap Agreements are hereinafter referred to as the “Swap Shares”.
JimyJimy : is a good o bed news my friend
Jaguar8 OP JimyJimy : It’s a prospectus for dilution, not immediate
JimyJimy Jaguar8 OP : that means is keep going down than
JimyJimy JimyJimy : I'm sorry I really don't understand
Jaguar8 OP JimyJimy : I think it is for 2 reasons: (1) market misunderstood the news as if they are already offering sale of common shares or immediate dilution which is not the case- just a prospectus so possible dilution from time to time ; and (2) it’s a Friday, they would rather close positions and take profit rather than waking up Monday with an offering
小强不死 Jaguar8 OP : 盘后已经下跌了,还好我看到你这个帖子,就立刻跑了,没造成亏损,谢谢你@Jaguar8
Jaguar8 OP 小强不死 : It doesn’t translate
Dreamking60 Jaguar8 OP : He said thanks to your news that he can run and have no loss
Jaguar8 OP Dreamking60 : Oh tell him- anytime!
JimyJimy Jaguar8 OP : thanks my friend for your help and time for explaining to me im sorry for the late reply but today had to work on my store
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