BioAtla entered a Standby Equity Purchase Agreement granting the right to sell up to $40 million of common stock to YA II PN Ltd. over 36 months at 97% of VWAP. The company paid a $500,000 commitment fee and issued warrants for half the amount. BioAtla terminated its prior SEPA with Yorkville, which had provided up to $15 million in capacity.
