other material
confidence high
sentiment negative
materiality 0.60
SenesTech closes $5M public offering of common stock and warrants
SenesTech, Inc.
- Raised ~$5M gross from offering of 3,846,154 units (common stock or pre-funded warrants) at $1.30/unit, plus Series D and E warrants.
- Net proceeds ~$4.2M after fees; intended for R&D, capex, working capital, and potential acquisitions.
- Placement agent H.C. Wainwright & Co. received 7.5% cash fee plus warrants to purchase 288,462 shares at $1.625.
- Series D warrants exercisable at $1.30 for 5 years; Series E warrants at $1.30 for 18 months; pre-funded warrants at $0.0001.
- Offering closed Nov 29, 2023; priced Nov 27.