Company: TGNT
Filing Date: 2025-04-30
Form Type: S-1
Source: 0001477932-25-003124
Chunk: 13

Company: Totaligent, Inc.
Filing Date: 2025-04-30
Form: S-1
Chunk 13
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 of 2,500,000 Commitment Shares and up to 97,500,000 shares of common stock that we may elect, in our sole discretion, to issue and sell to the Selling Stockholder, from time to time under the SEPA. From time to time at our discretion for the two year period after the date of the SEPA, upon the satisfaction of the conditions to the Selling Stockholder’s purchase obligation set forth in the SEPA, including that the registration statement of which this prospectus forms a part be declared effective by the SEC and the final form of this prospectus is filed with the SEC, we will have the right, but not the obligation to direct the Selling Stockholder to purchase a specified number of shares of common stock (each such sale, an “Advance”) by delivering written notice to the Selling Stockholder (each, an “Advance Notice”). Under the SEPA there is a minimum amount of $25,000 for any advance, and any advance may not exceed the greater of $100,000 or 200% of the average of the daily trading volume of the common stock on the five consecutive trading days immediately preceding an Advance Notice. The per share purchase price for the shares of common stock, if any, that we elect to sell to the Selling Stockholder in an Advance pursuant to the Purchase Agreement will be determined by reference to the volume weighted average price of our common stock (the “VWAP”) and calculated on the basis of 75% of the five-day VWAP prior to the date of the Advance Notice; provided, however, that the Company may establish a minimum acceptable price in certain Advance Notices, as specified in the SEPA, below which it shall not be obligated to make any sales to the Selling Stockholder. There is no upper limit on the price per share that the Selling Stockholder could be obligated to pay for the common stock we may elect to sell to it in any Advance. We will control the timing and amount of any sales of common stock to the Selling Stockholder. Actual sales of shares of our common stock to the Selling Stockholder under the SEPA will depend on a variety of factors to be determined by us from time to time, which may include, among other things, market conditions, the trading price of our common stock, and determinations by us as to the appropriate sources of funding for our business and its operations.

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In addition to the satisfaction of the conditions, the Selling Stockholder shall not be obligated to purchase or acquire, and shall