Greenbrook TMS Enters Into Equity Purchase Agreement With Alumni Capital LP That Provides Equity Line Financing For Sales From Time To Time Of Up To ~$4.4M Of Common Shares In The Share Capital Of The Company
Portfolio Pulse from Happy Mohamed
Greenbrook TMS Inc. (NASDAQ:GBNH) has entered into an equity purchase agreement with Alumni Capital LP. The agreement provides equity line financing for sales of up to approximately $4.4 million of common shares in the share capital of the company. The agreement expires on December 31, 2023, or when the aggregate offering amount of offered shares meets the maximum commitment amount. The company intends to use the proceeds for general corporate and working capital purposes.
July 13, 2023 | 8:43 pm
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Greenbrook TMS Inc. has secured equity line financing through an agreement with Alumni Capital LP. This could provide the company with additional capital for its operations.
The agreement provides Greenbrook with an equity line financing of up to $4.4 million. This could potentially strengthen the company's financial position and provide it with additional capital for its operations, which could positively impact its stock price in the short term.
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