NUTX - Nutex Health announces $100M pre-paid advance agreement
2023-04-11 17:19:41 ET
- Nutex Health ( NASDAQ: NUTX ) said it had entered into a $100M pre-paid advance agreement with Yorkville Advisors Global
- Under the terms of the Pre-Paid Advance Agreement, the company may request advances of up to $25M from the investor, which will be purchased by the Investor at 90% of the face amount.
- The company expects to use proceeds of the funding to support growth, accelerate its footprint, support opportunistic acquisitions, potential stock buybacks and for working capital.
- Future Pre-Paid Advances will range from $5M to $25M depending on stock price and volume conditions being met, with an aggregate limitation on the Pre-Paid Advances of $100M.
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Nutex Health announces $100M pre-paid advance agreement