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Copper closes $1.36 million private placement of convertible notes, warrants","url":"https://stock-news.laohu8.com/highlight/detail?id=2629887337","media":"Reuters","labels":["shareholding"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2629887337?lang=en_us&edition=fundamental","pubTime":"2026-04-23 18:04","pubTimestamp":1776938683,"startTime":"0","endTime":"0","summary":"Idaho Copper closed a private placement on April 17, 2026, issuing $1,357,947 principal amount of convertible promissory notes.Notes convert at an initial price of $6 per share, subject to anti-dilution adjustments.Outstanding notes auto-convert upon a national exchange listing tied to a firm-commitment underwritten offering, at lower of 70% of offering price or $6.Investors also received warrants for up to 226,332 shares, exercisable at $7.5 per share for five years.ThinkEquity was named exclusive placement agent, earning placement agent warrants for shares equal to 10% of shares issuable on note 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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