May. 14 at 10:25 PM
$VIVK New filing for the
$12 mil capital raise via six month promissory notes.
Conversion price of the notes into shares has a floor price of
$0.37.
They can’t convert and sell shares until there is an effective Sec registration. Normally takes a week or so provided Sec is happy with the agreement.
They also have a standby equity purchase agreement for upto
$100 mil of common stock.