Financings
Jolt Health to issue 6.36 million shares for debt
JOLT · Price
Executive Summary
- Jolt Health Inc. has reached debt settlement agreements with arm's-length third parties and related parties to resolve outstanding debts.
- The company will issue 6,364,377 common shares at a price of $0.10 per share, resulting in total gross proceeds of $636,437.70.
- The transaction is subject to a four-month restricted hold and requires exchange approval.
Key Details
- Total Shares Issued: 6,364,377 common shares.
- Price Per Share: $0.10.
- Total Value: $636,437.70.
- Restrictions: Shares are subject to a four-month restricted hold.
- Regulatory Status: Subject to exchange approval.
- Related Party Component: 732,174 shares are issued to two directors and officers.
- Regulatory Exemption: The company is relying on exemptions under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101, as the fair market value of shares issued to insiders is less than 25% of the company's market capitalization.
Notable Quotes
- None provided in the text.