United Health Products Inc (UEEC)

[rodman]

Looks like White Lion Capital LLC continues to fund UEEC through stock acquisition. The agreement states so!!
Yes, White Lion Capital, LLC has indeed continued to invest in United Health Products, Inc. (OTCPK: UEEC). On September 6, 2022, United Health Products announced a common stock purchase agreement with White Lion Capital, LLC. According to this agreement, UEEC has the right to sell shares of its common stock to White Lion over a 36-month term. The purchase price for these shares is derived from the prevailing market prices of UEEC’s common stock at the time of each sale. White Lion is obligated to make purchases at quantities and prices specified in the agreement when requested by UEEC. The proceeds from these sales will be used for general corporate purposes, including the establishment of a manufacturing operation for UEEC’s HemoStyp hemostatic gauze product and the completion of all remaining elements of the FDA Premarket Approval application. Additionally, the development of powder and gel formats of UEEC’s patented Neutralized Oxidized Regenerated Cellulose (NORC) hemostatic agent will also be advanced using the proceeds123.
Capital funding source for????
A lot going on behind the scenes!!
$5-$10++