other material
confidence high
sentiment neutral
materiality 0.60
MindMed exchanges 8M common shares for pre-funded warrants at $0.001 exercise price
Definium Therapeutics, Inc.
- Exchanged 8,000,000 common shares held by Commodore Capital and Deep Track Biotechnology for pre-funded warrants to purchase 8,000,000 common shares at $0.001 each.
- Warrants are exercisable immediately, no expiration, subject to 9.99% beneficial ownership limitation (can be increased to 19.99% with 61 days notice).
- Company and holders amended Registration Rights Agreement to register resale of warrant shares; prospectus supplement filed with SEC.
- Exchange structured as exempt transaction under Section 3(a)(9) of the Securities Act; no commissions paid.
- Holders originally acquired the shares in a March 2024 private placement of 12.5M shares.