other material
confidence high
sentiment neutral
materiality 0.65
The Oncology Institute raises $16.5M via private placement and exchanges $4.1M notes
Oncology Institute, Inc.
- Gross proceeds of ~$16.5M from issuing 12.0M common shares, pre-funded warrants for 2.9M shares, and common warrants for 7.4M shares.
- Deerfield exchanges ~$4.1M senior secured convertible notes for 37,233 preferred shares (convertible into 3.7M common) and warrants for 1.9M shares.
- Common warrants exercisable at $1.1980/share for 5 years; pre-funded warrants at $0.0001/share.
- Proceeds to support organic growth and working capital; closing expected March 26, 2025.