Niocorp Developments Ltd (NB)

[PutzMueler]

Option 2 Pricing Period (3 consecutive days)

https://www.lawinsider.com/dictionary/option-2-pricing-period#:~:text=Option%202%20Pricing%20Period%20means%20the%20period%20on,Trading%20Day%20immediately%20following%20the%20Advance%20Notice%20Date.

The Company has elected an Option 2 Pricing Period (as defined in the Standby Equity Purchase Agreement). Subject to the satisfaction of certain conditions contained in the Standby Equity Purchase Agreement, the Advance Shares will be issued at a purchase price equal to 97% of the daily volume-weighted average price of the Common Shares on The Nasdaq Stock Market LLC ("Nasdaq") as reported on Bloomberg Financial Markets during a pricing period of three consecutive trading days commencing on the date hereof.

https://money.tmx.com/quote/NB/news/8289191843527796/NioCorp_Delivers_Advance_Notice_under_the_Standby_Equity_Purchase_Agreement


I believe NioCorp deliberately had two raises, knowing the second raise will happen after the rise in share price, off the bottom. $.50 a share is nothing to sneeze at.
And they only diluted what they needed too.

Being able to average 3 days instead of 5 was a good move Mark Smith.
Now do it again.
@ higher SP