---
schema_version: "secwatch.filing_event.v1"
accession: "0001193805-23-001031"
form_type: "8-K"
ticker: "ECOR"
cik: "0001560258"
company_name: "electroCore, Inc."
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:00:24.631418+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# electroCore raises ~$8.1M in registered direct offering and private placements priced at $4.4125/unit

## Summary
- Gross proceeds to electroCore expected to be approximately $8.145 million before fees and expenses.
- Combined effective offering price of $4.4125 per share and one-half warrant; warrants exercisable at $4.35.
- Includes 169,968 shares sold to certain officers and directors in a concurrent private placement.
- Closing expected on or about August 2, 2023; net proceeds for sales & marketing, working capital.
- Company had $8.7M cash as of June 30, 2023; offering nearly doubles pro forma cash balance.

## SEC filing metadata
- accession: 0001193805-23-001031
- form_type: 8-K
- ticker: ECOR
- cik: 0001560258
- company_name: electroCore, Inc.
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1560258/000119380523001031/0001193805-23-001031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1560258/000119380523001031/e618813_8k-electrocore.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193805-23-001031
- JSON: https://secwatch.observer/filing/0001193805-23-001031.json
- Plain text: https://secwatch.observer/filing/0001193805-23-001031.txt

## Key facts
- Material Agreements
  electroCore, Inc. entered into Registered Direct Purchase Agreement with certain institutional and accredited investors valued at $4.4125 per share and related warrant (effective 2023-07-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and accredited investors
  - Value: $4.4125 per share and related warrant
  - Effective: 2023-07-31
  source text: On July 31, 2023, electroCore, Inc. (“Company”) entered into a securities purchase agreement (the “Registered Direct Purchase Agreement”) with certain institutional and accredited investors (the “Purchasers”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1560258/000119380523001031/0001193805-23-001031-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.