other material
confidence high
sentiment neutral
materiality 0.75
VivoSim prices up to $4M public offering, closes initial $3M tranche
VivoSim Labs, INC.
- Initial closing raised $3M at $1.14/share; 286,557 shares + 2,345,022 pre-funded warrants sold.
- Common warrants issued at 150% coverage, exercise price $1.71, expire 5 years from issuance.
- Second $1M tranche contingent on stock price >$1.43 and avg daily volume >$100K.
- Net proceeds ~$2.5M for working capital, R&D, and general corporate purposes.
- Joseph Gunnar & Co. placement agent with 7.5% cash fee and 131,579 placement agent warrants.