Trinity Place Holdings Inc. Enters Into Recapitalization Transactions
The Company expects that net proceeds from the issuance of the shares to the Investor at the closing of the transactions will be approximately $4.5 million.
- The Company expects that net proceeds from the issuance of the shares to the Investor at the closing of the transactions will be approximately $4.5 million.
- In addition, the parties have agreed to certain provisions in the stock purchase agreement to accommodate any new strategic partner that may invest in the Company.
- The NYSE American can also take accelerated delisting action if the Common Stock trades at levels viewed to be abnormally low.
- The Company intends to consider available options to regain compliance with the requirements set forth in the Notice.