Replicate, Replicate

A measure of a successful product is the fact that it is replicated. One-off deals do not amortize the cost of developing the product but once the template is created, there is little effort in doing the next one. As one of the main proponents of the Standby Equity Distribution Agreement (“SEDA”), Yorkville Advisors LLC (“Yorkville”) has been busy.

Having concluded its first SEDA with Yorkville in May, OceanFreight Inc. (“OceanFreight”) has come back for another, just a couple of weeks after Top Ships also entered into a similar agreement.

Under the terms of the latest agreement

This is only an excerpt of Replicate, Replicate

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.