Evolution Metals & Technologies raises up to $30.93m via Yorkville convertible debentures
The company entered financing agreements with Yorkville, including a securities purchase agreement to issue up to $30.93 million convertible debentures priced at 97% of principal. The debentures carry 4% annual interest (18% on default) and mature Sep 17, 2028.
93 million in convertible debentures. The debentures are priced at 97% of principal and pay 4% annual interest, rising to 18% on default. They mature on Sep 17, 2028.