other_material
confidence high
sentiment neutral
materiality 0.65
Revelation Biosciences raises ~$7.3M via warrant exercise; issues new warrants
REVELATION BIOSCIENCES, INC.
- Two holders exercised 8,544,999 pre-split Class I warrants at $0.86/share, gross proceeds ~$7.3M.
- Company issued 17,089,998 pre-split new Class J warrants at $0.86/share, exercisable only after stockholder approval.
- Net proceeds to fund clinical development and working capital.
- Third investor withdrew; filing corrects earlier press release that had included them.
- Roth Capital Partners received 8% cash fee of gross proceeds as financial advisor.
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