other material
confidence high
sentiment neutral
materiality 0.50
Cardio Diagnostics raises $1M via private placement of 561,793 units (stock + warrants) at $1.78/unit
Cardio Diagnostics Holdings, Inc.
- Gross proceeds of $1,000,000 from sale of 561,793 units to 7 accredited investors at $1.78 per unit.
- Each unit includes one share of common stock and a six-year warrant exercisable at $1.78 per share.
- Placement agent Altitude Capital received 10% cash commission plus 112,353 warrant coverage at $1.78 through Feb 2030.
- Chairman Warren Hosseinion, M.D., holds 10% ownership in Altitude Capital; recused from board approval.
- Net proceeds to be used for working capital and general corporate purposes; resale registration planned within 180 days.