other material
confidence high
sentiment negative
materiality 0.50
HealthLynked raises $2M in registered direct offering at $0.54/share
HealthLynked Corp
- 3,703,704 shares sold at $0.54 each for gross proceeds of $2M; expected close Aug 31, 2021.
- Warrants to purchase 1,851,852 shares at $0.65 per share, exercisable for 5 years from issuance.
- Net proceeds of approx. $1.7M to be used for general working capital.
- H.C. Wainwright serves as exclusive placement agent; earns 8% cash fee plus compensation warrants.
- Shares offered under effective S-3 shelf; warrants issued in unregistered private placement under Section 4(a)(2).