other material
confidence high
sentiment neutral
materiality 0.55
VivoSim prices $4.0M private placement of common stock and warrants at $0.85 per unit
VivoSim Labs, INC.
- Gross proceeds of ~$4.0M from sale of 4,705,883 shares (or pre-funded warrants) and warrants to purchase 4,705,883 shares at combined price of $0.85.
- Warrants exercisable at $0.85 after shareholder approval, expire 5 years from exercise date.
- Existing May 2024 warrants (520,833 shares) amended to reduce exercise price from $9.60 to $0.85, subject to shareholder approval.
- Closing expected July 17, 2026; net proceeds for working capital and general corporate purposes.
- Placement agent A.G.P./Alliance Global Partners receives 6.5% cash fee.