debt
confidence high
sentiment neutral
materiality 0.65
Alpha Cognition raises $4.545M via senior convertible notes and warrants
Alpha Cognition Inc.
- Gross proceeds of $4.545M from sale of senior convertible notes (10% interest, maturity Sept 2026) and warrants.
- Initial conversion/exercise price of $0.422 per share; warrants cover 10,770,133 shares with 5-year term.
- Proceeds for general corporate purposes and to meet payments under promissory note with Neurodyn Life Sciences Inc.
- Benchmark Company acted as sole placement agent; securities sold under Rule 506(b) of Regulation D.
- Registration rights agreement requires filing of resale registration statement for conversion/warrant shares.