Rail Vision Entered Into A Standby Equity Purchase Agreement (SEPA) With YA II PN, To Sell To Yorkville Up To $20M Of The Shares At Any Time During The Three-year Period
Portfolio Pulse from Benzinga Newsdesk
Rail Vision has entered into a Standby Equity Purchase Agreement with YA II PN, allowing it to sell up to $20 million of shares to Yorkville over a three-year period.
October 09, 2024 | 11:45 am
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Rail Vision's agreement with YA II PN allows it to sell up to $20 million in shares to Yorkville, providing financial flexibility over the next three years.
The SEPA provides Rail Vision with the ability to raise capital as needed, which can be used for growth or operational needs. This flexibility is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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