Item 1.01 Entry into a Material Definitive Agreement.
Amendment to the Common Stock Purchase Agreement dated
As previously reported by
The CSPA originally provided the Company with the right, but not the obligation,
to require White Lion to purchase shares of the Company's common stock at a
purchase price equal to 93% of the lower of (i) the volume-weighted average
price (the "VWAP") of the Company's common stock during a period of five
consecutive trading days following the Company's exercise of its right to sell
shares, or (ii) the closing price of its common stock on the day the Company
exercises its right to sell shares, subject to a minimum price of
On
Except as set forth in the amendment to the CSPA, all other terms, conditions, and provisions of the CSPA, remain in full force and effect.
The foregoing summary of the material terms of the amendment to the CSPA are
qualified entirely by reference to the full text of the amendment, a copy of
which will be filed with the Company's Annual Report on Form 10-K for the year
ended
Item 8.01. Other Events.
On
A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit Number Description 99.1 Press release, datedJanuary 31, 2023 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document) 2
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