other material
confidence high
sentiment neutral
materiality 0.75
NeuroOne raises ~$2.65M in private placement and secures $3M debt facility
NEUROONE MEDICAL TECHNOLOGIES Corp
- Private placement of 2,944,446 shares and warrants for 2,208,333 shares at $0.90/unit, gross ~$2.65M.
- Closed Aug 2, 2024. Proceeds for operations, commercial expansion, product development, and strategic partner diligence.
- Also entered $3M delayed-draw term loan from Growth Opportunity Funding at 10% interest, maturing Feb 2, 2026.
- Lender received warrant for 100,000 shares at $0.66, plus additional warrants upon draws.
- Director Paul Buckman participated in private placement.