secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001193805-23-001031
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523001031/0001193805-23-001031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000119380523001031/e618813_8k-electrocore.htm
  HTML page:      https://secwatch.observer/filing/0001193805-23-001031

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