other material
confidence high
sentiment neutral
materiality 0.65
Conifer raises $7.5M via Series B Preferred and warrants to board-affiliated entity
Presurance Holdings, Inc.
- Sold 1,000 shares Series B Preferred at $5,000/share and warrants for 4M common shares at $1.50, raising $5M on Feb 27.
- Sold additional 5,000 shares Series B Preferred for $2.5M on Mar 3, total $7.5M raised.
- Warrants exercisable for 4M common shares at $1.50 per share, expire Jan 31, 2027.
- Series B Preferred pays prime rate + 600 bps (floor 12%), ranks senior to common, matures Dec 31, 2026.
- Proceeds to be used for working capital and general corporate purposes.