Remark Media Inc (MARK)

[powerbattles]

MARK 8-K out. they got the funding up to 30 Million of dollar and the term is in GREAT FAVOR for MARK. MARK fully control the sale transaction. and the buyer agree to purchase EQUAL TO THE GREATER OF 80% of the closing price of our common stock. This is an awesome news.

In addition, on any trading day on which we submit a Purchase Notice to Aspire Capital to purchase at least 250,000 shares, we also have the right, in our sole discretion, to present Aspire Capital with a volume-weighted average price purchase notice (each, a “VWAP Purchase Notice”) directing Aspire Capital to purchase an amount of our common stock equal to up to 30% of the aggregate shares of our common stock traded on the next trading day (the “VWAP Purchase Date”), subject to a maximum number of shares we may determine, and a minimum purchase price threshold equal to the greater of (i) 80% of the closing price of our common stock on the trading day immediately preceding the VWAP Purchase Date or (ii) a higher price that may be determined by us. The purchase price per share pursuant to such VWAP Purchase Notice will be equal to the lesser of (i) the closing sale price of our common stock on the VWAP Purchase Date, or (ii) 97% of the volume-weighted average price for our common stock traded on its principal market on the VWAP Purchase Date.

https://ih.advfn.com/stock-market/NASDAQ/remark-MARK/stock-news/81915428/current-report-filing-8-k