ARMLOGI HOLDING CORP. CLOSES ON $5 MILLION SECOND TRANCHE OF PRE-PAID ADVANCE UNDER A STANDBY EQUITY PURCHASE AGREEMENT
Armlogi Holding Corp. - common stock (BTOC)
Company Research
Source: GlobeNewswire
WALNUT, CA, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Armlogi Holding Corp. (“Armlogi” or the “Company”) (Nasdaq: BTOC), a U.S.-based warehousing and logistics service provider that offers a comprehensive package of supply-chain solutions related to warehouse management and order fulfillment, today announced that it has closed on the $5 million second tranche of the Pre-Paid Advance (as defined below) pursuant to a Standby Equity Purchase Agreement (the “SEPA”) the Company entered into with YA II PN, Ltd. (“YA”), a fund managed by Yorkville Advisors Global, LP. As previously announced on November 25, 2024, Armlogi entered into the SEPA, where, pursuant to the terms of the SEPA, Armlogi will have the right, from time to time, until December 1, 2026, to require the Investor to purchase up to $50 million of shares of common stock of the Company, subject to certain limitations and conditions set forth in the SEPA, by delivering written notice to YA (an “Advance Notice”). Pursuant to the SEPA,
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News
- ARMLOGI HOLDING CORP. CLOSES ON $5 MILLION SECOND TRANCHE OF PRE-PAID ADVANCE UNDER A STANDBY EQUITY PURCHASE AGREEMENT [Yahoo! Finance]Yahoo! Finance
- D. Boral Capital acted as Exclusive Placement Agent to Armlogi Holding Corp (Nasdaq: BTOC) in connection with its up to $21 Million Convertible Promissory Notes and $50 Million Standby Equity Purchase AgreementGlobeNewswire
- ARMLOGI HOLDING CORP. ANNOUNCES UP TO $21 MILLION CONVERTIBLE PROMISSORY NOTES AND $50 MILLION STANDBY EQUITY PURCHASE AGREEMENT [Yahoo! Finance]Yahoo! Finance
- ARMLOGI HOLDING CORP. ANNOUNCES UP TO $21 MILLION CONVERTIBLE PROMISSORY NOTES AND $50 MILLION STANDBY EQUITY PURCHASE AGREEMENTGlobeNewswire
- Armlogi Reports Financial Results for the First Quarter Ended September 30, 2024GlobeNewswire
BTOC
Sec Filings
- 12/20/24 - Form 8-K
- 12/20/24 - Form 8-K
- 12/18/24 - Form S-1
- BTOC's page on the SEC website