Phaos Technology signs $10 million equity purchase deal with High West Partners
POAS•Phaos Technology Holdings signed an agreement for High West Partners to purchase up to $10 million of Class A shares, with a $100,000 share commitment fee and specified pricing terms.
1. Equity purchase agreement
Phaos Technology Holdings (Cayman) signed a securities purchase agreement on September 28, 2026, allowing it to sell up to $10 million of Class A shares to High West Partners from time to time. The facility is subject to a 19.99% exchange cap if the shares are listed, and includes a $100,000 commitment fee in shares issued with the first purchase notice.
2. Share pricing terms
Single-day draws are priced at the average of the three lowest traded prices on the purchase date. VWAP draws are priced at 97% of the lowest daily VWAP over three consecutive trading days beginning when the purchase notice is received.
