Phaos Technology signs $10 million equity purchase deal with High West Partners

By Public Technologies
  • Phaos Technology Holdings (Cayman) signed a securities purchase agreement on Sept. 28, 2026, for up to $10 million of Class A shares.
  • Facility allows sales from time to time to High West Partners, subject to a 19.99% exchange cap if listed.
  • Commitment fee set at $100,000 in shares, issued with the first purchase notice based on the shares’ closing price.
  • Single-day draws price at the average of the three lowest traded prices on the purchase date.
  • VWAP draws price at 97% of the lowest daily VWAP over three consecutive trading days starting on notice receipt.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phaos Technology Holdings (Cayman) Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-045145), on September 30, 2026, and is solely responsible for the information contained therein.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.