BloomZ Inc. Secures Up to $30M Share Purchase Facility
Ticker: BLMZF · Form: 6-K · Filed: Oct 4, 2024 · CIK: 1984014
Sentiment: neutral
Topics: financing, equity-line
TL;DR
BloomZ just inked a deal to sell up to $30M in stock to White Lion Capital over 3 years. Flexibility for cash needs.
AI Summary
BloomZ Inc. entered into an Ordinary Share Purchase Agreement with White Lion Capital, LLC on October 1, 2024. This agreement allows BloomZ Inc. to sell up to $30,000,000 in ordinary shares to White Lion Capital, LLC over a period of 36 months, subject to certain conditions and limitations.
Why It Matters
This agreement provides BloomZ Inc. with potential access to significant capital, which could be used for growth initiatives or operational needs.
Risk Assessment
Risk Level: medium — The company has the option, not the obligation, to sell shares, and the agreement involves potential dilution and market price fluctuations.
Key Numbers
- $30.0M — Share Purchase Facility (Maximum capital BloomZ can raise from White Lion Capital)
Key Players & Entities
- BloomZ Inc. (company) — Filing company
- White Lion Capital, LLC (company) — Counterparty in share purchase agreement
- $30,000,000 (dollar_amount) — Maximum amount of ordinary shares BloomZ can sell
- October 1, 2024 (date) — Date of Ordinary Share Purchase Agreement
- 36 months (duration) — Term of the purchase agreement
FAQ
What is the primary purpose of the Ordinary Share Purchase Agreement?
The agreement allows BloomZ Inc. the right, but not the obligation, to require White Lion Capital, LLC to purchase up to $30,000,000 in ordinary shares.
Who are the parties involved in the Ordinary Share Purchase Agreement?
The parties are BloomZ Inc. and White Lion Capital, LLC.
When was the Ordinary Share Purchase Agreement entered into?
The agreement was entered into on October 1, 2024.
What is the maximum amount BloomZ Inc. can raise under this agreement?
BloomZ Inc. can raise up to $30,000,000.
What is the duration of the purchase agreement?
The purchase agreement has a term of 36 months.
Filing Stats: 1,342 words · 5 min read · ~4 pages · Grade level 17.6 · Accepted 2024-10-04 06:11:11
Key Financial Figures
- $30,000,000 — m time to time, up to the lesser of (i) $30,000,000 in aggregate gross purchase price of ne
- $0.00000002 — issued ordinary shares of the Company, $0.00000002 par value per share (the “Ordinar
- $150,000 — inary Shares equal to the lesser of (i) $150,000 or (ii) 100% of the Average Daily Tradi
- $2,000,000 — e Average Daily Trading Volume and (ii) $2,000,000 divided by the highest closing price of
- $375,000 — nt Shares”) in an amount equal to $375,000 divided by the closing price of the Ord
Filing Documents
- ea0216745-6k_bloomz.htm (6-K) — 20KB
- ea021674501ex99-1_bloomz.htm (EX-99.1) — 195KB
- ea021674501ex99-2_bloomz.htm (EX-99.2) — 111KB
- 0001213900-24-085187.txt ( ) — 327KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: October 4, 2024 BloomZ Inc. By: /s/ Kazusa Aranami Name: Kazusa Aranami Title: Chief Executive Officer 3