Optimi Health sets US$100 million equity line of credit with Seven Knots
Reuters2026/08/14 20:55- Optimi Health set a discretionary equity line of credit to sell up to USD 100 million of common shares to Seven Knots.
- Draws priced at 97% of the lower of the day’s low trade or the period VWAP, capped at USD 2 million.
- Facility includes a USD 1.5 million unsecured, non-interest-bearing convertible promissory note, with a potential additional USD 500,000 note.
- Notes convert at 95% of the 20-day VWAP, subject to a USD 3 floor; maturities set at 24 months.
- Sales require an effective Form F-1 resale registration statement; ownership caps set at 4.99% for ELOC shares.
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