The ChEF is an innovative financing solution ideal for newly public companies (i.e., de-SPACs) who want the flexibility to raise capital quickly and efficiently. It enables companies who qualify for an equity facility to raise capital on a periodic basis after becoming public, outside the context of a traditional underwritten follow-on offering.

Benefits of utilizing the ChEF include:

• Access to Capital: Facilitates access to capital after going public to companies that may not yet otherwise be eligible for other traditional offerings (i.e., traditional follow-on offering or ATM).
• Cost of Capital: Company retains future upside, less a modest discount with no lookback features.
• Flexibility: Exercise of the facility is fully directed by the company in both timing and quantum, subject to satisfaction of certain conditions.
• Equitize Trading Volume: Raise capital quickly by leveraging access to daily dollar trading volumes.
• Risk Mitigating: Settlement to generally occur on a T+1 basis while alternatives such as traditional follow-on offerings can be subject to several days or weeks of market risk.

Chardan’s transactional expertise and success raising billions of dollars for innovators worldwide over the past two decades enables us to be an ideal partner for the ChEF.