DealsMay 26, 2026, 08:52 AM
Nocera Secures $100M Equity Purchase Facility
AI Summary
Nocera, Inc. entered into an Equity Purchase Facility Agreement (EPFA) with an institutional investor, allowing the company to issue and sell up to $100,000,000 in common stock over a 24-month period. Concurrently, Nocera signed a Registration Rights Agreement to facilitate the resale of these shares. Additionally, the company amended a previously reported Securities Purchase Agreement to expand the permissible uses of proceeds from the sale of senior secured convertible notes, now including general corporate purposes, working capital, and strategic transactions.
Key Highlights
- Nocera secured an Equity Purchase Facility Agreement for up to $100,000,000 in common stock.
- The facility provides a 24-month commitment period for issuing shares.
- Investor's ownership is limited to 4.99% of outstanding common stock, with an option to increase to 9.99%.
- Aggregate shares issuable under the EPFA are capped at 19.99% of outstanding common stock without shareholder approval.
- Company is required to file an initial registration statement within 45 calendar days, aiming for effectiveness within 90 days.
- Amended a prior Securities Purchase Agreement to broaden the use of proceeds from Notes for general corporate purposes.
Price Impact
More from NCRA