Phaos Technology enters US$ 10 million equity facility with High West Partners

Bitget2026/10/01 14:04

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Phaos Technology Holdings (Cayman) Limited entered a securities purchase agreement that gives it the right to sell up to USD 10 million of Class A ordinary shares to High West Partners at prevailing market prices.
The equity facility can be used from time to time once conditions are met, with availability running for 36 months from the commencement date.
Phaos will also issue Class A ordinary shares to the investor as a commitment fee, earned at commencement and delivered with the first purchase notice.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phaos Technology Holdings (Cayman) Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610011004PRIMZONEFULLFEED9837923) on October 01, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Phaos Technology enters US$ 10 million equity facility with High West Partners

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