D. Boral Capital Acted as Exclusive Placement Agent to Baijiayun Group Ltd (Nasdaq: RTC) in connection with its up to $15 Million Convertible Promissory Notes and $50 Million Standby Equity Purchase Agreement
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Baijiayun Group Ltd (NASDAQ: RTC) has entered into a $50 million Standby Equity Purchase Agreement with YA II PN, Ltd., managed by Yorkville Advisors Global, LP. The agreement includes a $15 million convertible promissory note offering.
December 10, 2024 | 4:30 pm
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Baijiayun Group Ltd has secured a $50 million Standby Equity Purchase Agreement and a $15 million convertible promissory note offering, potentially enhancing its financial flexibility.
The SEPA and convertible notes provide Baijiayun with significant capital, enhancing its financial position and potential for growth. This is likely to positively impact the stock price in the short term.
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