U.S. Gold Corp. Signs Material Definitive Agreement
Ticker: USAU · Form: 8-K · Filed: Dec 4, 2024 · CIK: 27093
| Field | Detail |
|---|---|
| Company | U.S. Gold Corp. (USAU) |
| Form Type | 8-K |
| Filed Date | Dec 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001, $7.00, $9.50, $10.2 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, definitive-agreement
Related Tickers: USGO
TL;DR
USGO signed a big deal Nov 27, details coming.
AI Summary
U.S. Gold Corp. announced on December 4, 2024, that it entered into a material definitive agreement on November 27, 2024. The filing does not specify the other party or the nature of the agreement, but it is classified under 'Entry into a Material Definitive Agreement' and 'Financial Statements and Exhibits'.
Why It Matters
This filing indicates a significant new contract or partnership for U.S. Gold Corp., which could impact its future operations and financial performance.
Risk Assessment
Risk Level: medium — The lack of specific details about the material definitive agreement introduces uncertainty regarding its terms and potential impact.
Key Players & Entities
- U.S. Gold Corp. (company) — Registrant
- November 27, 2024 (date) — Date of earliest event reported
- December 4, 2024 (date) — Date of report
FAQ
What is the nature of the material definitive agreement entered into by U.S. Gold Corp.?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on November 27, 2024.
Who is the other party to the material definitive agreement?
The filing does not disclose the name of the other party involved in the material definitive agreement.
What is the effective date of the material definitive agreement?
The earliest event reported, which includes the entry into the material definitive agreement, is dated November 27, 2024.
What are the main items disclosed in this 8-K filing?
This 8-K filing primarily concerns the 'Entry into a Material Definitive Agreement', 'Regulation FD Disclosure', and 'Financial Statements and Exhibits'.
Where is U.S. Gold Corp. incorporated and what is its principal executive office address?
U.S. Gold Corp. is incorporated in Nevada and its principal executive offices are located at 1910 E. Idaho Street, Suite 102-Box 604, Elko, NV 89801.
Filing Stats: 898 words · 4 min read · ~3 pages · Grade level 9 · Accepted 2024-12-04 15:55:15
Key Financial Figures
- $0.001 — 0 shares of the Company's common stock, $0.001 par value per share (" Common Stock ")
- $7.00 — Common Stock ") at a purchase price of $7.00 per share (the " Offering Shares ") and
- $9.50 — of Common Stock at an exercise price of $9.50 per share (the " Warrants "). After the
- $10.2 m — rom the Offering shall be approximately $10.2 million, before deducting estimated offer
Filing Documents
- form8-k.htm (8-K) — 48KB
- ex4-1.htm (EX-4.1) — 108KB
- ex5-1.htm (EX-5.1) — 16KB
- ex10-1.htm (EX-10.1) — 249KB
- ex99-1.htm (EX-99.1) — 11KB
- 0001493152-24-048661.txt ( ) — 691KB
- usau-20241204.xsd (EX-101.SCH) — 3KB
- usau-20241204_lab.xml (EX-101.LAB) — 33KB
- usau-20241204_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. The foregoing descriptions of the Securities Purchase Agreement, Offering Shares and Warrants are not complete and are subject to, and qualified in their entirety by, reference to the full text of the such documents, copies of which are filed as Exhibits 10.1 and 4.1 to this Current Report on Form 8-K and are incorporated by reference herein. A copy of the opinion of Davis Graham & Stubbs LLP relating to the legality of the issuance and sale of the securities in the Offering is attached as Exhibit 5.1 to this Current Report on Form 8-K. (d) Exhibits . Exhibit No. Description 4.1 Form of Warrant. 5.1 Opinion of Davis Graham & Stubbs LLP. 10.1 Form of Securities Purchase Agreement between U.S. Gold Corp. and certain investors. 23.1 Consent of Davis Graham & Stubbs LLP (included in Exhibit 5.1). 99.1 Press Release dated November 27, 2024.* 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * The foregoing exhibit relating to Item 7.01 are intended to be furnished to, not filed with, the Securities and Exchange Commission pursuant to Regulation FD.
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 hereunto duly authorized. U.S. Gold corp. Date: December 4, 2024 By: /s/ Eric Alexander Name: Eric Alexander Title: Chief Financial Officer