Wikisoft Corp (OTCMKTS:WSFT) stock fell 25% on Friday. On August 17, 2021, the company announced the signing of an Amended and Restated Common Stock Purchase Agreement with a Delaware limited partnership, TRITON FUNDSLP.
Market Reaction
On Friday, WSFT stock slumped 26% at $0.12 with more than 251k shares, compared to its average volume of 52k shares. The stock has moved within a range of $0.1010 – 0.1444 after opening the trade at $0.1405.
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The agreement amends and restates Wikisoft, and TRITON FUNDS’s previously announced Common Stock Purchase Agreement entered on June 8, 2021. The companies had previously signed the Original Agreement, under which TRITON FUNDS was to buy $750,000 worth of Wikisoft common shares after the SEC declared a Registration Statement effective at $1.5 per share.
According to the Amended Common Stock Purchase Agreement, TRITON FUNDS will now acquire $1 million worth of Wikisoft common stock shares in $100,000 tranches after SEC declares the Registration Statement effective at the cost of around 85% of Wikisoft’s lowest daily Weighted Average volume price for five consecutive days before each closing.Wikisoft’s flagship platform, Wikiporfile.com, seeks to become a top solution with resources and tools for professionals and businesses to find information quickly. Therefore, WSFT is worth watching in the coming weeks.
