InvestmentMay 7, 2026, 04:47 PM
PRF Technologies Secures $10M Standby Equity Purchase Agreement
AI Summary
PRF Technologies Ltd. has entered into a Standby Equity Purchase Agreement with YA II PN, LTD., allowing the company to sell up to $10.0 million of its ordinary shares over a 36-month period. The shares would be purchased at 97% of the lowest of three daily volume-weighted average prices. The agreement includes a 1.0% commitment fee and a $25,000 structuring fee, both partially paid in ordinary shares, and is subject to an effective registration statement.
Key Highlights
- PRF Technologies entered a Standby Equity Purchase Agreement with YA II PN, LTD. on May 7, 2026.
- The company has the right to sell up to $10.0 million of ordinary shares over 36 months.
- Shares will be purchased at 97% of the lowest of three daily VWAPs.
- A 1.0% commitment fee is payable, with the first installment in 12,192 Ordinary Shares.
- A $25,000 structuring fee was paid in 12,192 Ordinary Shares.
- Yorkville's beneficial ownership is capped at 9.99% of outstanding shares.
- The agreement is subject to an effective registration statement with the SEC.
Price Impact
More from PRFX