23 May 2025capital raising announcement▼ BadMajor
On May 20, 2025 NFiniTi signed an equity line with RH2 Equity Partners under which it can sell up to $20,000,000 of new shares through May 20, 2027, at NFiniTi's choice of notice. Shares sold on a pricing-period basis are priced at 60% of the lower of the lowest closing price or lowest average daily trading price, and sales are capped at 19.99% of outstanding shares unless shareholders approve. NFiniTi must file a resale registration on Form S-1 within 30 days. This gives the company a funding source but at a steep discount to market, which could dilute existing shareholders (inference); it comes alongside the RH2 convertible note filed the same day.