MYnd Analytics Inc. agreed to sell up to $10 million of its common shares to Aspire Capital Fund LLC.
Aspire Capital Fund, which invests in a broad range of industries with emphasis in healthcare and technology sector, will buy the shares over a 30-month term, according to an SEC filing.
The parties terminated a 2016 purchase agreement, under which Aspire Capital has bought 1.2 million MYnd Analytics common shares, and replaced it with the new agreement.
Mission Viejo, Calif.-based MYnd Analytics is a predictive analytics company that provides support to mental healthcare providers.
