Azio AI signs $3.5 million standby equity purchase deal with YA II PN (Yorkville)
Bitget2026/09/28 20:18- Azio AI Holdings entered a standby equity purchase agreement with YA II PN on Sept. 25, 2026.
- Investor advanced USD 3.5 million via two-tranche convertible promissory notes; USD 3 million funded immediately, USD 0.5 million tied to resale registration effectiveness.
- Notes carry 6% interest, rising to 18% on an event of default; maturity is Sept. 25, 2027, extendable at investor option.
- Agreement gives access to up to USD 50 million of common stock purchases, subject to Nasdaq issuance caps and a 4.99% ownership limit.
- Company issued warrants for 1,735,758 shares at USD 0.01; paid a USD 50,000 structuring fee from initial proceeds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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