TNL Mediagene (TNMWF) tweaks Tumim equity line pricing
Rhea-AI Filing Summary
TNL Mediagene filed a Form 6-K describing a third amendment to its equity line of credit ordinary share purchase agreement with Tumim Stone Capital LLC, originally dated November 25, 2024. The amendment, signed on September 14, 2025, changes how Tumim’s purchases of TNL Mediagene ordinary shares are valued.
The company can now choose to have its ordinary shares priced over either a one-trading-day or a three-trading-day valuation period, based on the market price and/or trading volume of the shares. The amendment also makes related changes to the maximum purchase amount and purchase price Tumim will use when buying shares under the equity line arrangement.
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FAQ
What did TNL Mediagene (TNMWF) report in this Form 6-K?
TNL Mediagene reported a third amendment to its ordinary share purchase agreement for an equity line of credit with Tumim Stone Capital LLC, changing how Tumim’s purchases of ordinary shares are valued.
Who is TNL Mediagene’s equity line partner mentioned in the filing?
The equity line of credit counterparty is Tumim Stone Capital LLC, which has an ordinary share purchase agreement with TNL Mediagene.
What key change was made to the Tumim equity line valuation method?
The amendment allows TNL Mediagene to select a pricing valuation period of either one trading day or three trading days, based on the market price and/or volume of its ordinary shares.
How does the amendment affect Tumim’s purchases of TNL Mediagene shares?
The change in valuation periods comes with corresponding adjustments to the maximum purchase amount and the purchase price at which Tumim will buy TNL Mediagene ordinary shares under the agreement.
When was the third amendment to the Tumim ELOC SPA signed?
The third amendment to the Tumim equity line ordinary share purchase agreement was dated September 14, 2025.
Where can investors find the full text of the Tumim amendment?
The complete amendment is filed as Exhibit 99.1 to this Form 6-K and is incorporated by reference.