PIPE latest financing SECM101/BottomBroker, don't sweat it in defending Promis, taken care of by more than you know....
VERY INTERESTING SEC gov
Do you need shareholder approval for a PIPE?
"Since this offering was a PIPE, the buyers cannot sell their shares until the company files its resale registration statement with the SEC.2 However, an issuer generally cannot sell more than 20% of its outstanding stock at a discount without receiving prior approval from current shareholders."