other material
confidence high
sentiment neutral
materiality 0.65
SenesTech raises $4.4M via warrant exercise, issues new warrants at $4.15
SenesTech, Inc.
- Gross proceeds of ~$4.4M from cash exercise of 1,458,872 existing warrants at $2.90/share.
- New unregistered warrants issued for 1,458,872 shares at $4.15 exercise price, expiring 15 months after resale registration effective date.
- H.C. Wainwright acted as placement agent; fees include 7.5% cash fee and 5.0% placement agent warrants.
- Net proceeds to be used for working capital and general corporate purposes.