This may be why? Just now getting attention?
$Tevogen Bio Holdings(TVGN.US$ Tevogen Bio reports series A-1 preferred stock investment at $10 conversion price
• Tevogen Bio (NASDAQ:TVGN) Thursday said it entered into a securities purchase agreement with an existing investor.
• Under the agreement, the investor agreed to purchase shares of the newly designated Series A-1 preferred stock of the company in lieu of series A preferred stock that the investor earlier agreed to purchase, for an aggregate purchase price of $6.0 million.
• The shares of Series A-1 preferred stock will be issued in the first quarter and will be convertible at a conversion price of $10.00, as opposed to the $4.00 conversion price of the series A preferred stock, into a total of 600,000 shares of the company’s common stock at the election of the holder.
• Tevogen Bio (NASDAQ:TVGN) Thursday said it entered into a securities purchase agreement with an existing investor.
• Under the agreement, the investor agreed to purchase shares of the newly designated Series A-1 preferred stock of the company in lieu of series A preferred stock that the investor earlier agreed to purchase, for an aggregate purchase price of $6.0 million.
• The shares of Series A-1 preferred stock will be issued in the first quarter and will be convertible at a conversion price of $10.00, as opposed to the $4.00 conversion price of the series A preferred stock, into a total of 600,000 shares of the company’s common stock at the election of the holder.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Pumpui : Meaning there is still room in upside since conversion price is $10
TrytosaveabitOP Pumpui: That price is for preferred shares! But the movement is from the money it brought to company! IMO