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Posted On: 11/03/2025 12:42:12 PM
Post# of 158791
Here's a link to the Form 8-K with the details of the Purchase Agreement:
https://www.cytodyn.com/investors/sec-filings...105306.pdf
Here are 2 paragraphs defining the terms:
Pursuant to and subject to the terms of the Purchase Agreement, for 36 months following the date of the Purchase Agreement, the Company
has the right, but not the obligation, to sell to Yorkville, and Yorkville is obligated to purchase from the Company, shares of the Company’s
common stock, $0.001 par value per share (“Common Stock”).
At the Company’s option, the shares of Common Stock would be purchased at 98% of the lowest daily VWAP (as defined below) during
the three consecutive trading days (the “Pricing Period”) commencing on the date (each, an “Advance Notice Date”) the Company is
deemed to have delivered a written notice to Yorkville setting forth the number of shares of Common Stock that the Company desires to
issue and sell to Yorkville in accordance with the terms of the Purchase Agreement (each notice, an “Advance Notice”), subject to certain
limitations. The Company, at its discretion, may also specify a minimum acceptable price per share in an Advance Notice (each issuance
and sale, an “Advance”). “VWAP” means, for any trading day or specified period, the volume weighted average price of the shares of
Common Stock on the principal market the Company trades on during such period, as reported by Bloomberg L.P. through its “AQR”
function. While there is no mandatory minimum amount for any Advance, it may not exceed an amount equal to 100.0% of the average of
the daily traded amount on the five consecutive trading days immediately preceding an Advance Notice.
The terms seem really favorable to CYDY to me but I'd welcome analysis from other posters here who are far more sophisticated in such matters than I am.
https://www.cytodyn.com/investors/sec-filings...105306.pdf
Here are 2 paragraphs defining the terms:
Pursuant to and subject to the terms of the Purchase Agreement, for 36 months following the date of the Purchase Agreement, the Company
has the right, but not the obligation, to sell to Yorkville, and Yorkville is obligated to purchase from the Company, shares of the Company’s
common stock, $0.001 par value per share (“Common Stock”).
At the Company’s option, the shares of Common Stock would be purchased at 98% of the lowest daily VWAP (as defined below) during
the three consecutive trading days (the “Pricing Period”) commencing on the date (each, an “Advance Notice Date”) the Company is
deemed to have delivered a written notice to Yorkville setting forth the number of shares of Common Stock that the Company desires to
issue and sell to Yorkville in accordance with the terms of the Purchase Agreement (each notice, an “Advance Notice”), subject to certain
limitations. The Company, at its discretion, may also specify a minimum acceptable price per share in an Advance Notice (each issuance
and sale, an “Advance”). “VWAP” means, for any trading day or specified period, the volume weighted average price of the shares of
Common Stock on the principal market the Company trades on during such period, as reported by Bloomberg L.P. through its “AQR”
function. While there is no mandatory minimum amount for any Advance, it may not exceed an amount equal to 100.0% of the average of
the daily traded amount on the five consecutive trading days immediately preceding an Advance Notice.
The terms seem really favorable to CYDY to me but I'd welcome analysis from other posters here who are far more sophisticated in such matters than I am.
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