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Posted On: 06/28/2020 8:46:37 PM
Post# of 148908
Yep just looked . They are not defined in the agreement very well but you are correct . Also found out exactly what they got for the 4 million investment . Boy they made out .
In addition, as partial consideration for the License Agreement, within seven days of the effective date of the License Agreement, Vyera will make an equity investment of $4.0 million in the Company (the “Equity Investment”), in consideration for which the Company will issue to Vyera 13,114,754 shares of CytoDyn’s common stock, $0.001 par value per share (“Common Stock”), and a warrant to purchase 6,557,377 shares of Common Stock with an exercise price of $0.30 per share.
In addition, as partial consideration for the License Agreement, within seven days of the effective date of the License Agreement, Vyera will make an equity investment of $4.0 million in the Company (the “Equity Investment”), in consideration for which the Company will issue to Vyera 13,114,754 shares of CytoDyn’s common stock, $0.001 par value per share (“Common Stock”), and a warrant to purchase 6,557,377 shares of Common Stock with an exercise price of $0.30 per share.
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