other material
confidence high
sentiment neutral
materiality 0.60
Bluejay Diagnostics closes $8.75M public offering to repay debt and fund FDA work
Bluejay Diagnostics, Inc.
- Gross proceeds $8.75M from sale of 5,368,098 units at $1.63/unit.
- Units consist of 1 share (or pre-funded warrant), 2 Class C warrants, 1 Class D warrant.
- Net proceeds to repay $2.3M debt and fund FDA approval (incl. clinical studies), R&D, working capital.
- Class C warrants ($1.96 strike, 5-year term) require stockholder approval to become exercisable.
- Underwriting discount 8.5%; Aegis Capital Corp. acted as sole underwriter.