other material
confidence high
sentiment neutral
materiality 0.70
Longeveron enters $30M rights offering at $3.00/share with R.F. Lafferty as dealer-manager
Longeveron Inc.
- Rights offering to raise up to $30M via transferable subscription rights; subscription price $3.00 per share.
- Dealer-manager fee: 6.0% of gross proceeds plus 0.8% non-accountable and 0.2% accountable expense allowances.
- R.F. Lafferty gets right of first refusal to act as investment banker on future equity offerings until Dec 31, 2024 if proceeds >= $10M.
- Registration statement declared effective Aug 14, 2023; prospectus available on SEC website.