Origin Agritech Announces As Of May 21, $10M Equity Purchase Agreement With Oasis Capital, LLC, Initially Entered Into On May 21, 2021, Expired; Does Not Intend To Renew Agreement Or Enter Into Any Similar Structured Financing Agreement
Portfolio Pulse from Happy Mohamed
Origin Agritech announced that its $10M equity purchase agreement with Oasis Capital, initially entered into on May 21, 2021, has expired and the company does not intend to renew the agreement or enter into any similar structured financing agreement.
May 24, 2023 | 1:48 pm
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Origin Agritech's equity purchase agreement with Oasis Capital expired, and the company does not plan to renew or enter into similar agreements.
The expiration of the equity purchase agreement with Oasis Capital may not have a direct short-term impact on Origin Agritech's stock price (SEED). However, the company's decision not to renew the agreement or enter into similar structured financing agreements may affect its future financing options and growth plans.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100