Remark Holdings entered into a pair of agreements that will allow it to continue executing on its long-term strategy. On June 29, the company entered into an amended financing agreement with its lenders that extends the previously-required repayment of $11.5M of principal and exit fees until September 28. Then, on July 2, the company entered into a common stock purchase agreement with Aspire Capital Fund that allows Remark to direct Aspire Capital to purchase as much as $30M of Remark's common stock over the 30-month term of the agreement. The new agreement replaces the previous agreement the company had with Aspire Capital. Although Aspire Capital had not made any purchases under the previous agreement since October 2017, approximately $7.2M of Remark's common stock could still have been purchased under such agreement.
