YUNHONG GREEN CTI LTD. [YHGJ] - Convertible Preferred Issuance
Yunhong Green CTI Ltd. has amended its Purchase Agreements to extend the expiration date of each Warrant from March 11, 2027, to March 11, 2029, in connection with the issuance of Series F Preferred Stock.
Why this matters
Yunhong Green CTI Ltd., a company involved in the fabricated rubber products industry, has amended its Purchase Agreements to extend the expiration date of each Warrant from March 11, 2027, to March 11, 2029. This amendment is part of the issuance of Series F Preferred Stock, linked to a proposed public offering of its Common Stock. Under the agreements, holders are restricted from converting their Preferred Stock or exercising their Warrants during a specified period, which lasts until 61 days after a written notice of termination is delivered by the holder. Additionally, the company has waived its right to require the exercise of the Warrants during this restricted period, and holders have waived their piggyback registration rights for the offering.