other_material
confidence high
sentiment neutral
materiality 0.75
Brag House closes $15M PIPE offering of Series B preferred and warrants
Brag House Holdings, Inc.
- Gross proceeds ~$15M from sale of 15,000 Series B convertible shares and 15.9M warrants to 12 accredited investors.
- Series B convertible at $0.942/share; warrants exercisable at $0.817/share, 5-year term.
- Proceeds for general corporate purposes and working capital; Revere Securities acted as placement agent.
- Pro forma equity above $2.5M to comply with Nasdaq Listing Rule 5550(b)(1).
- No voting rights for Series B holders; certificate of designation amended.
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