other material
confidence high
sentiment neutral
materiality 0.50
SeaStar Medical raises ~$6M in registered direct offering with warrants
SeaStar Medical Holding Corp
- Gross proceeds of ~$6M; offering priced at $1.70 per share (or pre-funded warrant) with accompanying warrant.
- 3,529,412 shares (or pre-funded warrants at $0.001) + warrants to purchase 3,529,412 shares at $1.70.
- Pre-funded warrants exercisable immediately; common warrants exercisable after shareholder approval, expire 5 yrs later.
- Concurrently adjusted Prior Warrants exercise price to $1.70 and extended Series B term to Jan 30, 2029 (subject to approval).
- Net proceeds for general corporate purposes; expected closing Feb 3, 2025.