First Wave BioPharma prices $2.1M public offering of stock and warrants at $0.64/unit

GridAI Technologies Corp.

Offering includes 3,285,000 shares (or pre-funded warrants) and warrants to buy up to 6,570,000 shares.
Combined public offering price of $0.64 per share (or pre-funded warrant) and two accompanying warrants.
Warrants have exercise price of $0.64, immediately exercisable, expire in 5 years.
Net proceeds approximately $1.8 million; expected closing July 21, 2023.
Roth Capital Partners acting as exclusive placement agent; proceeds for working capital.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GridAI Technologies Corp. entered into Placement Agency Agreement with Roth Capital Partners, LLC (effective 2023-07-18).

Action: entry
Agreement: underwriting
Counterparty: Roth Capital Partners, LLC
Effective: 2023-07-18

Exact text from the filing

On July 18, 2023, First Wave BioPharma, Inc. (the “Company”) entered into a placement agency agreement (the “Placement Agency Agreement”) with Roth Capital Partners, LLC (the “Placement Agent”)

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GridAI Technologies Corp. entered into Purchase Agreement with certain purchasers valued at approximately $1.8 million (effective 2023-07-18).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: approximately $1.8 million
Effective: 2023-07-18

Exact text from the filing

ith Roth Capital Partners, LLC (the “Placement Agent”) and a securities purchase agreement (the “Purchase Agreement”) with certain purchasers pursuant to which the Company agreed to sell, in a best efforts public offering (the “Offering”),

View on SEC.gov

242 material agreements filed in the last 30 days. Browse all material agreements →

GridAI Technologies Corp. filing history →

Source: SEC EDGAR

accession 0001104659-23-082895

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.