Arena Investors, Australian Oilseeds Holdings Limited and EDOC Acquisition Corp. Announce an Investment of up to $7 Million and Plans for a $50 Million ELOC
The PIPE is contemplated to be funded in three tranches for consideration of secured convertible debentures and warrants.
- The PIPE is contemplated to be funded in three tranches for consideration of secured convertible debentures and warrants.
- Additional tranches are subject to certain stock performance metrics of the combined company after the Business Combination.
- I-Bankers Securities, Inc. is serving as financial advisor to EDOC and Ellenoff Grossman & Schole LLP is acting as U.S. legal counsel to EDOC.
- Olshan Frome Wolosky LLP serves as U.S. legal counsel to Arena and Allens (Australia) serves as Australian legal counsel to Arena on the PIPE investment.