Callan JMB expands unregistered equity line facility to $75 million
CJMB•Purchase terms and limits
Regular purchases are set at 95% of the lowest daily trading price over the measurement period, subject to a $1 floor price.
The investor is capped at 4.99% beneficial ownership, and the company can halt sales at its discretion.
Early termination triggers a $250,000 fee if sales total less than $7.5 million, subject to exceptions.
Equity line facility expanded
Callan JMB expanded an unregistered equity line to sell up to $75 million of common stock to a single investor.
The facility runs through April 1, 2027, or earlier if the full $75 million is sold.
