other material
confidence high
sentiment negative
materiality 0.75
Collective Audience resets warrant exercise price to $0.185; holders to exercise all warrants within 45 days
Collective Audience, Inc.
- Exercise price reduced from $5.00 (Feb 2024 warrants) and $2.13 (Dec 2023 warrants) to $0.185 per share.
- Investors include Brown Stone Capital (1,348,839 warrants) and Timothy Wong (348,839 warrants); total 1,697,678 warrants.
- Warrants must be exercised within 45 days of April 26, 2024, generating ~$314,070 in aggregate proceeds.
- Standstill provision prohibits warrant share sales for 5 trading days after execution.