Sonendo raises $63M via private placement; discloses NYSE non-compliance risk

Sonendo, Inc.

Sold 23M shares at $0.95 and pre-funded warrants for 43.3M shares; gross proceeds $63M.
Net proceeds to fund commercialization, product portfolio expansion, and working capital.
NYSE notified company Aug 26 of non-compliance due to market cap <$50M and equity <$50M.
Company may remain non-compliant despite raise; delisting risk could materially affect stock.
Participants include Pura Vida, First Light, Blue Water Life, ArrowMark, Driehaus, JMR Capital.

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