other_material
confidence high
sentiment neutral
materiality 0.75
Plus Therapeutics prices $15M public offering of 39.5M units at $0.38; net ~$13.3M
PLUS THERAPEUTICS, INC.
- Offering of 39,473,684 units at $0.38 each, each unit = one share + one warrant.
- Gross proceeds $15M; net proceeds ~$13.3M after underwriting discounts and expenses.
- Underwriter exercised over-allotment for additional 5,921,052 warrants.
- Warrants immediately exercisable at $0.38 per share, expire in 5 years.
- Proceeds for working capital; 45-day insiders lock-up and 120-day ban on variable rate transactions.