share_log

6-K: Report of foreign private issuer (related to financial reporting)

6-K: Report of foreign private issuer (related to financial reporting)

6-K:外國發行人報告(業績相關)
美股SEC公告 ·  2024/07/10 00:59

Moomoo AI 已提取核心訊息

SRIVARU Holding has entered into a 36-month purchase agreement with Ionic Ventures on July 1, 2024, allowing the company to direct Ionic to purchase up to $25M of ordinary shares. The initial exemption purchase notice for $1M was presented on July 1. The purchase price will be 97% of the lowest VWAP for regular purchases, or 90% for exemption purchases.The agreement includes key limitations: Ionic's ownership cannot exceed 4.99% of outstanding shares, monthly sales are restricted to the greater of $25,000 per trading day or 17.5% of daily trading volume, and purchases are prohibited when share price falls below $0.10. SRIVARU maintains control over the timing and amount of sales.Concurrent agreements include a Registration Rights Agreement requiring SRIVARU to file a resale registration statement within 30 days, and a Placement Agency Agreement with Maxim Group LLC, which will receive a 5% fee for exemption purchases and 3% for regular purchases, potentially totaling up to $720,000 in fees for the full $24M remaining capacity.
SRIVARU Holding has entered into a 36-month purchase agreement with Ionic Ventures on July 1, 2024, allowing the company to direct Ionic to purchase up to $25M of ordinary shares. The initial exemption purchase notice for $1M was presented on July 1. The purchase price will be 97% of the lowest VWAP for regular purchases, or 90% for exemption purchases.The agreement includes key limitations: Ionic's ownership cannot exceed 4.99% of outstanding shares, monthly sales are restricted to the greater of $25,000 per trading day or 17.5% of daily trading volume, and purchases are prohibited when share price falls below $0.10. SRIVARU maintains control over the timing and amount of sales.Concurrent agreements include a Registration Rights Agreement requiring SRIVARU to file a resale registration statement within 30 days, and a Placement Agency Agreement with Maxim Group LLC, which will receive a 5% fee for exemption purchases and 3% for regular purchases, potentially totaling up to $720,000 in fees for the full $24M remaining capacity.
SRIVARU控股於2024年7月1日與Ionic Ventures簽署了一份爲期36個月的購買協議,允許公司指示Ionic購買最高達2500萬美元的普通股。首次免稅購買通知爲100萬美元,於7月1日提交。購買價格將爲常規購買最低VWAP的97%,或免稅購買的90%。該協議包括關鍵限制:Ionic的持股不能超過已發行股份的4.99%,每月銷售限制爲每個交易日25000美元或每日成交量的17.5%中的較大者,並且當股價跌至0.10美元以下時禁止購買。SRIVARU對銷售的時機和金額保持控制。並行協議包括一項註冊權協議,要求SRIVARU在30天內提交轉售註冊聲明,以及與Maxim Group LLC的安置代理協議,該協議將對免稅購買收取5%的費用,對常規購買收取3%的費用,最終可能在2400萬美元的剩餘容量中總計高達720,000美元的費用。
SRIVARU控股於2024年7月1日與Ionic Ventures簽署了一份爲期36個月的購買協議,允許公司指示Ionic購買最高達2500萬美元的普通股。首次免稅購買通知爲100萬美元,於7月1日提交。購買價格將爲常規購買最低VWAP的97%,或免稅購買的90%。該協議包括關鍵限制:Ionic的持股不能超過已發行股份的4.99%,每月銷售限制爲每個交易日25000美元或每日成交量的17.5%中的較大者,並且當股價跌至0.10美元以下時禁止購買。SRIVARU對銷售的時機和金額保持控制。並行協議包括一項註冊權協議,要求SRIVARU在30天內提交轉售註冊聲明,以及與Maxim Group LLC的安置代理協議,該協議將對免稅購買收取5%的費用,對常規購買收取3%的費用,最終可能在2400萬美元的剩餘容量中總計高達720,000美元的費用。
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