IPO - NIOCORP DEVELOPMENTS LTD

Form Type: 8-K

Filing Date: 2025-04-21

Corporate Action: Ipo

Type: New

Accession Number: 000153949725001179

Filing Summary: On April 17, 2025, NioCorp Developments Ltd. entered into an underwriting agreement with Maxim Group LLC to issue and sell 6,628,846 common shares at a public offering price of $2.60 per share, along with 1,063,462 pre-funded common share purchase warrants at $2.5999 each. The offering closed on April 21, 2025, yielding approximately $18.9 million in net proceeds. The underwriter was granted a 30-day over-allotment option to purchase up to 1,153,846 common shares. The document also details lock-up agreements for executives regarding future share sales, along with customary indemnifications and representation provisions. A press release was issued on April 21, 2025, announcing the closing of the offering, with several legal opinions and materials attached as exhibits.

Form Type: CORRESP

Filing Date: 2025-02-28

Corporate Action: Ipo

Type: New

Accession Number: 000153949725000798

Filing Summary: NioCorp Developments Ltd. submitted a request for the effective declaration of its Registration Statement on Form S-1, under Registration No. 333-285066. The company is seeking that the statement be declared effective at 4:30 p.m. on March 4, 2025, or as soon as practicable thereafter. This communication has been initiated as part of their Initial Public Offering (IPO) process. The request was made by the undersigned, Neal S. Shah, Chief Financial Officer of NioCorp, with contact details provided for any further inquiries on the matter.

Form Type: S-1

Filing Date: 2025-02-19

Corporate Action: Ipo

Type: New

Accession Number: 000153949725000739

Filing Summary: NioCorp Developments Ltd. filed a registration statement on Form S-1 with the SEC to offer up to 8,630,739 of its common shares by Selling Shareholders. The document outlines various classes of shares and warrants being offered, including exercise prices and expiration dates for these warrants. It also details the background of previous private placements, including the June 2024 and November 2024 placements. The purpose of the registration is to allow the Selling Shareholders to sell these shares while the company will not receive proceeds from these sales. However, any proceeds from warrant exercises will be used for working capital and advancing the Elk Creek Project. The document highlights the risks associated with investing in the shares, especially in relation to pricing and market fluctuations. NioCorp is focused on the development of the Elk Creek Project, which is set to extract niobium, scandium, titanium, and rare earth elements, emphasizing the importance of these minerals in modern technology and sustainability initiatives.