Shares of Critical Metals Corp (NASDAQ:CRML) are surging Monday morning after the company announced it entered into a securities purchase agreement for a $35 million private investment in public equity (PIPE) transaction with a new fundamental institutional investor. Here’s what investors need to know.
What To Know: Under the terms of the agreement, Critical Metals will issue 5 million ordinary shares and warrants to purchase 10 million ordinary shares at a strike price of $7.00 per share. The company anticipates total gross proceeds of $35 million.
