other material
confidence high
sentiment neutral
materiality 0.60
Applied Energetics raises $1.2M in private placement of 1.6M shares at $0.75/share
APPLIED ENERGETICS, INC.
- Placed 1,600,000 shares (including pre-funded warrants) at $0.75 per share for gross proceeds of $1,200,000.
- Pre-funded warrants exercisable at $0.001 per share with a 5% beneficial ownership cap.
- Issuance exempt under Section 4(a)(2); all purchasers are accredited investors.
- Company agreed to use best efforts to register the shares with the SEC.