other material
confidence high
sentiment neutral
materiality 0.60
Revelation Biosciences raises ~$3.8M via warrant exercises; issues new warrants
REVELATION BIOSCIENCES, INC.
- Class D warrant holders exercise 2,548,060 shares at reduced price of $1.50/share, gross proceeds ~$3.8M.
- New Inducement Warrants issued to purchase up to 5,096,120 shares at $1.00/share, exercisable for 5 years.
- Net proceeds to fund GEM-AKI, GEM-CKD, GEM-PSI clinical trials and working capital.
- Roth Capital Partners paid ~$267,546 advisory fee; exercise prices of certain Class C/D warrants adjusted to $1.00.