Nutriband raises $8.4M in Regulation S equity offering of units with warrants

NutriBand Inc.

Offered 2.1M units at $4.00 each, each unit comprising one common share and warrant to buy two shares.
Warrants exercisable at $6.43 per share, cash only, expiring April 19, 2029.
Total gross proceeds of $8.4M from European investors under Regulation S exemption.
Warrants exercisable immediately; no registration statement for shares or warrants.
Proceeds to be used for general corporate purposes (not specified).

item 1.01 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

NutriBand Inc. entered into Subscription Agreement with European investors valued at $8,400,000 (effective 2024-04-19).

Action: entry
Agreement: equity purchase
Counterparty: European investors
Value: $8,400,000
Effective: 2024-04-19

Exact text from the filing

On April 19, 2024, the Company completed an $8,400,000 equity financing with European investors (the “Offering”) of 2,100,000 units (“Units”), at a price of $4.00 per Unit, each Unit consisting of one share of common stock (“Shares”) and a Warrant to purchase two Shares of common stock (the “Warrants”).

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Source: SEC EDGAR

accession 0001213900-24-035276

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