other material
confidence high
sentiment positive
materiality 0.75
Sonendo closes $63M private placement, expects to regain NYSE compliance
Sonendo, Inc.
- Sold 23,045,536 shares at $0.95 and pre-funded warrants for 43,315,846 shares at $0.949 each.
- Gross proceeds of ~$63M before fees and expenses.
- Proceeds boost stockholders' equity above $50M, satisfying NYSE continued listing rule 802.01B.
- Equity estimate is preliminary and unaudited; final Q3 2022 figures may differ materially.