Eargo Inc (EAR)

[Midwestrader]

This will drop to 0.50 in the next week or so,the same price that those 375M shares will be offered to shareholders that are on "record" as of a date not yet determined. Their going to pay 12% interest on those notes--GAWD! Each interest payment is due quarterly.

Not good...........

Rights Offering

In connection with the Financing, the Company has agreed to consummate a rights offering (the “Rights Offering”) for an aggregate of 375 million shares of Common Stock to the Company’s stockholders as of a record date to be determined at an offering price of $0.50 per share of Common Stock. The Rights Offering is expected to be conducted as soon as practicable following the First Tranche Closing and in any event within 180 days thereafter.