Applied UV raises $2.76M via stock & warrants at $1.60; net $2.4M for working capital

Applied UV, Inc.

Gross proceeds $2.76M from sale of 1,726,875 shares/pre-funded warrants plus 518,065 private warrants at $16.
Net proceeds ~$2.4M after placement agent fees and expenses.
Use of proceeds to fund large orders from Siemens, Sherwin Williams, and Arco Murray.
Pre-funded warrants exercise at $0.0001; common warrants expire in 5.5 years from April 1, 2024.
Placement agent Aegis Capital; lock-up periods for insiders through December 2024.

item 1.01 item 3.02 item 3.03 item 8.01 item 9.01

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

Applied UV, Inc. entered into Placement Agency Agreement with Aegis Capital Corp. (the "Placement Agent") (effective 2024-03-27).

Action: entry
Agreement: underwriting
Counterparty: Aegis Capital Corp. (the "Placement Agent")
Effective: 2024-03-27

Exact text from the filing

On March 27, 2024, the Company also entered into a placement agency agreement (the “Placement Agency Agreement”) with Aegis Capital Corp. (the “Placement Agent”) as the exclusive placement agent in connection with the offering.

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

Applied UV, Inc. entered into Securities Purchase Agreement with certain institutional investors (the "Purchasers") (effective 2024-03-27).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors (the "Purchasers")
Effective: 2024-03-27

Exact text from the filing

On March 27, 2024, Applied UV, Inc., a Nevada corporation (the “Company”), entered into a securities purchase agreement (the “Securities Purchase Agreement”) with certain institutional investors (the “Purchasers”)

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

Applied UV, Inc. entered into Registration Rights Agreement with the Purchasers (effective 2024-03-27).

Action: entry
Counterparty: the Purchasers
Effective: 2024-03-27

Exact text from the filing

Pursuant to the Registration Rights Agreement entered into between the Company and the Purchasers on March 27, 2024 (the “Registration Rights Agreement”),

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380 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001213900-24-029453

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