Longeveron announces $2.36M registered direct offering and warrant private placement

Longeveron Inc.

Offering of 1,355,301 shares at $1.745/share; warrants to purchase 1,355,301 shares at $1.62/share with 5.5-year term.
Gross proceeds of $2.36M before fees; net proceeds for working capital and general corporate purposes.
Closing expected December 22, 2023; H.C. Wainwright acting as exclusive placement agent.
Warrants issued in concurrent private placement, unregistered; resale registration to be filed within 45 days.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Longeveron Inc. entered into Purchase Agreement with an institutional and accredited investor valued at approximately $2.36 million (effective 2023-12-20).

Action: entry
Agreement: equity purchase
Counterparty: an institutional and accredited investor
Value: approximately $2.36 million
Effective: 2023-12-20

Exact text from the filing

On December 20, 2023, Longeveron Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional and accredited investor (the “Purchaser”)

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Longeveron Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-097862

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