other_material
confidence high
sentiment negative
materiality 0.75
Outlook Therapeutics raises ~$5M in registered direct offering and private placement at $0.31/unit
Outlook Therapeutics, Inc.
- Offering of 16,129,033 shares of common stock and accompanying Common Warrants at $0.31 per unit.
- Gross proceeds approximately $5.0 million; net proceeds for working capital and general corporate purposes.
- Common Warrants exercisable at $0.31 per share, subject to stockholder approval and increase in authorized shares.
- Concurrent warrant amendment reduces exercise price of 2,142,854 existing warrants from $2.26 to $0.31.
- H.C. Wainwright acted as placement agent with 7.0% cash fee and warrants for 1,129,032 shares.