Aug. 13 at 8:07 PM
$UK
Market Cap / EV:
$2.2M /
$3.8M
OS / Float: 2.12M / 1.99M
Est. Net Cash/Share: -
$0.75
Short Interest: 1.5%
Warrants
January 2022 Series C
Shares: 385,802
Strike:
$48.60
Holders: JAK
Protection: Full Ratchet
PP Clause: 50% vesting on issue, 50% tied to Series B Warrant exercises; expires 7 years from effective date. Floor:
$3.37
Expiration: 2029-07-25
January 2022 Series A
Shares: 52,083
Strike:
$48.60
Holders: JAK
Protection: Full Ratchet
PP Clause: Not disclosed
Expiration: 2029-01-26
January 2021 Warrants
Shares: 20,576
Strike:
$972
Holders: Undisclosed
Protection: Customary Anti-Dilution
Banker: Maxim
Expiration: 2026-01-28
January 2022 Series B
Shares: 11,777,472
Strike:
$3.37
Holders: JAK
Protection: Full Ratchet + Reset
PP Clause: One-time downward reset to lowest 10-day VWAP post-effective date; floor
$3.37
Expiration: 2024-12-31
August 2019 SPAC Warrants
Shares: 19,471
Strike:
$2,760
Holders: Undisclosed
Protection: Customary Anti-Dilution
Banker: Chardan
Expiration: 2024-08-06
Convertible Notes
January 2022 Note
Principal:
$3M (fully converted)
Conversion Price: Lesser of
$1.00 or 100% of lowest 10-day VWAP
Multiplier: 125% of principal
Floor:
$0.70
Holders: JAK
Status: Fully converted
Maturity: 2025-07-25
Shelf (August 2022)
Total Capacity:
$300M
Remaining Capacity:
$764,696
Baby Shelf Restriction: Yes
Highest 60-day Close:
$1.15
IB6 Threshold Price:
$37.60
Effect Date: 2022-09-20
Expiration Date: 2025-09-20
Completed Offerings
January 2022 Convertible Note PP
Raised:
$3M
Shares: 3M
Warrants: 41.25M
Investors: ATW, JAK
January 2021 S-1
Raised:
$20M
Shares: 4.94M
Warrants: 4.94M
Price:
$4.05
Banker: Maxim
