Jul. 14 at 5:11 PM
$ATCH Old news, is new News!?
ATCH shares jumped over 39% in early trading on Thursday after the company said it has entered into definitive agreements for a
$20 million financing.
The firm said that
$10 million would be invested in the form of convertible debt with a five-year term at an 11% coupon and a conversion price of
$0.75 while the other
$10 million is to be invested in the form of units sold at
$0.60 per unit that include one share of common stock and one warrant with a strike price of
$0.75
“We are excited to report that Funicular Funds, LP has led a reinvestment into our company as part of a
$20,000,000...