Oct. 22 at 3:36 AM
$ELWS
This mean we make compliance ?
Financing secured with investor rights; Nasdaq compliance sought.
Earlyworks raised net
$4.33 million via a private placement of pre-funded and ordinary warrants tied to 2,403,847 ADSs each, with exercise prices at
$0.0005 and
$2.72. Units were priced at
$2.08, and placement agent compensation included an 8% fee and a warrant for 96,154 ADSs. Proceeds are earmarked for the Prime Delta Corp. acquisition and offering expenses.
Investor protections include 4.99%/9.99% beneficial ownership limits, a 45‑day issuance restriction from October 15, 2025, participation rights for future placements, and a dollar‑for‑dollar exchange option for new securities. Registration rights require filing within 21 days and effectiveness by set deadlines, with 1% liquidated damages per
It believes equity now exceeds
$2.5 million, relevant to Nasdaq Listing Rule 5550(b)(1); actual outcomes depend on SEC timing and Nasdaq’s determination.
