secwatch.observer — SEC 8-K summary
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Issuer:     electroCore, Inc. (ECOR)
CIK:        0001560258
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0001193805-24-000740
Event type: other_material
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

electroCore raises $9.3M in equity/warrant offering with $5.645M from insiders
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- Gross proceeds of ~$9.3M from registered direct & private placements; directors/officers invested $5.645M.
- Securities: 225K registered pre-funded warrants + 112.5K warrants; private placement: 1,208,310 shares/pre-funded warrants + 604,150 warrants.
- Combined effective price $6.4925/share+1/2 warrant; warrants exercise at $6.43, expire in 5 years.
- Net proceeds used for sales/marketing, working capital, and general corporate purposes.
- Offerings priced at market under Nasdaq rules; expected to close June 5, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560258/000119380524000740/0001193805-24-000740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560258/000119380524000740/e663679_8k-electrocore.htm
  HTML page:      https://secwatch.observer/filing/0001193805-24-000740

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer