other material
confidence high
sentiment neutral
materiality 0.60
Vaccinex raises ~$3.7M in private placement of common stock and warrants
VACCINEX, INC.
- Issues 3.84M shares and warrants for 3.84M shares at $0.725 per unit; also 1.27M pre-funded warrants at $0.7249.
- Common warrants exercisable at $1.00/share; pre-funded warrants at $0.0001; both immediately exercisable.
- Investors include company chair Albert Friedberg (FCMI) and CEO Maurice Zauderer (Vaccinex Rochester).
- Gross proceeds ~$3.7M; closing on Feb 8, 2024.
- Executive officers and directors subject to 45-day lock-up on sales of common stock.