secwatch.observer — SEC 8-K summary
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Issuer:     CorMedix Inc. (CRMD)
CIK:        0001410098
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001213900-23-053572
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CorMedix prices $40M public offering of 7.5M shares at $4.00/sh and pre-funded warrants
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- Gross proceeds ~$40M from 7.5M shares at $4.00/sh and 2.5M pre-funded warrants at $3.999.
- Underwriters granted 30-day option for up to 1.5M additional shares at $4.00/sh.
- Net proceeds ~$37.3M (or ~$43M if option exercised); closing expected July 3, 2023.
- Proceeds for general corporate, commercialization efforts, R&D, and working capital.
- Offering via shelf S-3; RBC, Truist, JMP as book-running managers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410098/000121390023053572/0001213900-23-053572-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410098/000121390023053572/ea181153-8k_cormedix.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-053572

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