other material
confidence high
sentiment neutral
materiality 0.80
CERo raises up to $8M in Series D convertible; believes meets Nasdaq equity requirement
CERO THERAPEUTICS HOLDINGS, INC.
- Closed initial $5M of up to $8M Series D convertible preferred; conversion price $0.78, floor $0.156.
- Believes meets $2.5M stockholders' equity after placement, prior $2.3M equity line & $4.1M Feb offering; delisting risk remains.
- Series D ranks senior to Series A & B, pari passu with Series C; 25% redemption premium on bankruptcy or company optional redemption.
- Proceeds to fund IND allowances, MDACC site activation, and extend cash runway, per press release.