Baijiayun Announces Up To $15 Million Convertible Promissory Notes And $50 Million Standby Equity Purchase Agreement
Baijiayun Group Ltd - Class Ordinary Shares (RTC)
Company Research
Source: PR Newswire
BEIJING, Dec. 6, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has entered into a Standby Equity Purchase Agreement (the "SEPA"), with YA II PN, Ltd. ("YA"), a fund managed by Yorkville Advisors Global, LP. Subject to the terms and conditions set forth in the the SEPA, YA is committed to purchase up to $50 million (the "Commitment Amount") of the Company's Class A Ordinary Shares (the "Shares") at any time during the two-year period following the execution date of the SEPA, by delivering written notice to YA (an "Advance Notice"). Pursuant to the SEPA, YA will advance to the Company, subject to the satisfaction of certain conditions as set forth therein, the principal amount of up to $15 million (the "Pre-Paid Advance"), which will be evidenced by convertible promissory notes (the "Promissory Notes", together with the "SEPA", the "Offering") in four tranches. The first Pre-Advance,
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News
- Expand the Boundaries of Technology and Service, Baijiayun's "DuanXunBao" Ushered in a Winter Refresh and UpgradePR Newswire
- Henan Xinhua Bookstore Visited Baijiayun and Jointly Explored New Paths for the Integration of Culture and EducationPR Newswire
- Baijiayun was honored with the title of "Exclusive Member Unit" by the Beijing Educational Informationization Industry Alliance.PR Newswire
- Baijiayun Upgrades BRTC HarmonyOS SDK to Promote the Development of HarmonyOS EcosystemPR Newswire
- D. Boral Capital Acted as Exclusive Placement Agent to Baijiayun Group Ltd (Nasdaq: RTC) in connection with its up to $15 Million Convertible Promissory Notes and $50 Million Standby Equity Purchase AgreementGlobeNewswire
RTC
Sec Filings
- 12/18/24 - Form F-3
- 12/6/24 - Form 6-K
- 11/13/24 - Form SC
- RTC's page on the SEC website