- UniPixel will decide exclusively when to "put" shares to L2 Capital. L2 Capital cannot compel the Company to put shares at any time.
- L2 Capital will not engage in "short-selling" of the Company's common shares.
- Term of the agreement is through July 9, 2018.
- Put volume is permitted up to 1.5 times prior 10 days trading volume, capped at $1 million.
- Puts are permitted every 10 trading days.
The Company today issued a Form 8-K filing with the Securities and Exchange Commission to provide greater detail on the terms of this transaction.This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. About UniPixel UniPixel, Inc. (NASDAQ: UNXL) develops and markets advanced solutions for the touchscreen and flexible electronics markets. The Company's roll-to-roll electronics manufacturing process patterns fine line conductive elements on thin films. The company markets its technologies for touch panel sensor, cover glass replacement, and protective cover film applications under the XTouch™ and Diamond Guard™ brands. For further information, visit www.unipixel.com. Forward-looking Statements All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the statement regarding "puts" pursuant to the equity purchase agreement. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology. These statements are based on management's current expectations. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. These risks, uncertainties, and other factors include, but are not limited to, the ability to recognize revenues, the ability to extend product offerings into new areas or products, the ability to compete in our current markets, the ability to commercialize licensed technology, unexpected occurrences that deter the "bring to market" plan for products, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, our ability to attract and retain qualified personnel, our ability to raise additional capital, the ability to move product sales to production levels, the success of product sales in new markets or of recently produced product offerings, the ability to enforce our intellectual property rights and those set forth under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2016 and other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to UniPixel as of the date hereof, and UniPixel assumes no obligation to update any forward-looking statement. Trademarks in this release are the property of their respective owners.
Contact: Joe Diaz, Robert Blum, Joe DorameLytham Partners, LLC602-889-9700 firstname.lastname@example.orgView original content: http://www.prnewswire.com/news-releases/unipixel-enters-into-equity-purchase-agreement-with-l2-capital-llc-300503073.html SOURCE UniPixel, Inc.