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Canoo | 8-K: Canoo Entered into a Sixth Supplemental Agreement with Yorkville to the PPA

Canoo | 8-K:Canoo與Yorkville簽訂PPA第六份補充協議

美股sec公告 ·  01/12 00:00
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On January 11, 2024, Canoo Inc. entered into a sixth Supplemental Agreement with investment firm Yorkville, under which Yorkville will provide a $17.5 million advance to Canoo. This agreement amends the Pre-Paid Advance Agreement (PPA) originally established on July 20, 2022. The net proceeds for Canoo, after accounting for a commitment fee and purchase price discount, will be approximately $16.45 million. The terms of the Sixth Supplemental Agreement include a commitment fee of $875,000 and set the purchase price for shares at the lower of $0.24 per share or 95% of the lowest daily VWAP in the five trading days before each Purchase Notice Date, subject to a predefined floor price. The details of the agreement are outlined in Exhibit 10.1, filed with the report.
On January 11, 2024, Canoo Inc. entered into a sixth Supplemental Agreement with investment firm Yorkville, under which Yorkville will provide a $17.5 million advance to Canoo. This agreement amends the Pre-Paid Advance Agreement (PPA) originally established on July 20, 2022. The net proceeds for Canoo, after accounting for a commitment fee and purchase price discount, will be approximately $16.45 million. The terms of the Sixth Supplemental Agreement include a commitment fee of $875,000 and set the purchase price for shares at the lower of $0.24 per share or 95% of the lowest daily VWAP in the five trading days before each Purchase Notice Date, subject to a predefined floor price. The details of the agreement are outlined in Exhibit 10.1, filed with the report.
2024年1月11日,Canoo Inc.與投資公司約克維爾簽訂了第六份補充協議,根據該協議,約克維爾將向Canoo提供1750萬美元的預付款。該協議修訂了最初於2022年7月20日訂立的預付款協議 (PPA)。扣除承諾費和購買價格折扣後,Canoo的淨收益約爲1,645萬美元。第六份補充協議的條款包括875,000美元的承諾費,並將股票的購買價格定爲每個購買通知日之前的五個交易日內每股0.24美元或最低每日VWAP的95%,以預定義的底價爲準。該協議的細節在報告附錄10.1中概述。
2024年1月11日,Canoo Inc.與投資公司約克維爾簽訂了第六份補充協議,根據該協議,約克維爾將向Canoo提供1750萬美元的預付款。該協議修訂了最初於2022年7月20日訂立的預付款協議 (PPA)。扣除承諾費和購買價格折扣後,Canoo的淨收益約爲1,645萬美元。第六份補充協議的條款包括875,000美元的承諾費,並將股票的購買價格定爲每個購買通知日之前的五個交易日內每股0.24美元或最低每日VWAP的95%,以預定義的底價爲準。該協議的細節在報告附錄10.1中概述。
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