other material
confidence high
sentiment negative
materiality 0.65
Elutia raises $13.26M in registered direct offering of 3.175M shares and prefunded warrants at $3.40/share
ELUTIA INC.
- Gross proceeds ~$13.26M from sale of 3,175,000 shares and 725,000 prefunded warrants.
- Offering price $3.40 per share; prefunded warrants $3.399 each, exercisable at $0.001.
- Net proceeds to be used for working capital and general corporate purposes.
- Lake Street Capital Markets acted as placement agent; 7.0% cash fee on gross proceeds.
- Directors and officers subject to 90-day lock-up on company securities post-closing.