It is not just a loan. They give mnm money - they get shares at a 10 percent discount:
The SSA makes available up to $10 million over a 3 year period. Funds can be drawn down at Mantle’s sole discretion within certain liquidity parameters.
• Pricing will be at a 10% discount to the prevailing market prices at the time of each drawdown notice.
• There are no restrictions or conditions in the agreement on any other capital raising exercises that Mantle may wish to undertake.
MNM Price at posting:
13.4¢ Sentiment: None Disclosure: Held
