other material
confidence high
sentiment neutral
materiality 0.60
SeaStar Medical in $15M equity line with Lincoln Park Capital Fund
SeaStar Medical Holding Corp
- Lincoln Park committed to buy up to $15M of common stock over 36-month period.
- Company may direct up to 40k share purchases daily; limits rise with stock price thresholds.
- Purchase price set at 97% of a formula based on lowest sale price and average of three lowest closing prices.
- Company issued 236,406 commitment shares to Lincoln Park as consideration.
- Proceeds to be used for working capital and general corporate purposes.