DatChat closes $1.8M underwritten public offering of common stock and pre-funded warrants

Myseum.AI, Inc.

Offered 972,972 shares (or pre-funded warrants) at $1.85/share; gross proceeds ~$1.8M.
Underwriter EF Hutton with 45-day option for additional 145,945 shares.
Net proceeds for general corporate purposes, sales/marketing, and R&D.
Lock-up agreements for directors/officers until July 17, 2024.
Company subject to 180-day issuance restrictions from closing.

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

Myseum.AI, Inc. entered into Underwriting Agreement with EF Hutton LLC valued at approximately $1.8 million (effective 2024-01-16).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton LLC
Value: approximately $1.8 million
Effective: 2024-01-16

Exact text from the filing

On January 16, 2024, DatChat, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton LLC (the “Representative”), as the representative of the underwriters named therein (the “Underwriters”), relating to an underwritten public offering (the “Offering”) of 382,972 shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (“Common Stock”), and pre-funded warrants to purchase up 590,000 shares of Common Stock (the “Pre-Funded Warrants”).

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Myseum.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-004875

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