J-Star Holding enters $35 million equity line with Hudson Global Ventures
YMAT•J-Star Holding entered an agreement allowing it to sell up to $35 million of Class A ordinary shares to Hudson Global Ventures over 36 months, at its option. Hudson received warrants to buy 525,000 ordinary shares.
1. Equity purchase agreement
J-Star Holding can sell shares under the agreement over 36 months at its option, with pricing set at 95% of recent Nasdaq trading prices. The company agreed to file a resale registration statement covering shares issued through the facility, including warrant shares.
