other_material
confidence high
sentiment positive
materiality 0.75
Revelation Biosciences raises $9.6M via immediate exercise of existing warrants
REVELATION BIOSCIENCES, INC.
- $9.6M gross proceeds from exercise of 13,065,000 existing warrants at $2.20/share.
- Issued 13,065,000 new Class I warrants at same $2.20 price, exercisable after stockholder approval for 5 years.
- Existing warrants covered 4,355,000 shares; new warrants cover 13,065,000 shares (higher dilution).
- Proceeds to fund clinical development and working capital.
- Roth Capital Partners acted as financial advisor for 8% cash fee on gross proceeds.
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