- ASP Isotopes (NASDAQ:ASPI) on Tuesday announced an agreement with an institutional investor, that is an existing holder of warrants, to purchase shares of the company for cash.
- Under the deal, the investor agreed to exercise its existing warrants to purchase the maximum of 3.16M shares at an exercise price of $1.75 per share, resulting in gross proceeds of about $5.5M.
- In consideration for the exercise of the existing warrants, the exercising holder would receive new warrants to purchase up to an aggregate of about 1.23M shares of common stock in a private placement.
- Source: Press Release
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