other material
confidence high
sentiment neutral
materiality 0.75
Femasys closes ~$30M private placement of stock, pre-funded and milestone warrants
FEMASYS INC
- Private placement: 5,013,559 shares, 4,361,440 pre-funded warrants, and 18,749,998 warrants at $3.20/share; ~$30M gross proceeds.
- Common warrants exercisable at $2.95; pre-funded at $0.0001; milestone warrants require $1.5M quarterly revenue and 130% price trigger.
- Insiders (CEO, CFO, COO, CTO, Chief Medical Officer) purchased ~$134k of securities on same terms as other investors.
- Nantahala Capital (lead investor) gets board designee rights (up to 2) subject to ownership thresholds; prior board nomination rights from Pointillist convertible note terminated.
- Registration rights agreement: file resale registration statement within 30 days of closing (August 10, 2026).