other material
confidence high
sentiment neutral
materiality 0.75
Senseonics prices $16M registered direct offering at $0.35/share with warrants
Senseonics Holdings, Inc.
- 45,714,286 shares and matching warrants sold at combined $0.35 per unit.
- Gross proceeds $16M upfront; warrants could yield additional $16M if exercised for cash.
- Warrants exercisable after 6 months at $0.35, expire 5 years from initial exercise.
- Proceeds for working capital, general corporate, and possible repayment of 5.25% Convertible Notes due 2025.
- ATM equity distribution agreement amended to allow up to $55M in common stock sales.