other_material
confidence high
sentiment neutral
materiality 0.65
SeaStar Medical raises ~$4M in registered direct offering plus warrants at $0.763/share
SeaStar Medical Holding Corp
- Registered direct offering of 5,242,464 shares (or equivalents) at $0.763 per share, plus unregistered warrants for equal number at $0.638.
- Gross proceeds ~$4.0M; net proceeds expected ~$3.6M after fees; expected to close July 11, 2025.
- H.C. Wainwright & Co. is exclusive placement agent, receiving 7.0% cash fee and warrants exercisable at $0.9538.
- Company agrees to 45-day lockup on equity issuance and 6-month ban on variable rate transactions post-closing.
- Net proceeds to be used for general corporate purposes including working capital and capital expenditures.
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