other material
confidence high
sentiment neutral
materiality 0.55
Silo Pharma closes $2.5M registered direct offering of common stock and warrants
Silo Pharma, Inc.
- Sold 2,857,143 shares at $0.875/share; gross proceeds ~$2.5 million.
- Issued warrants to purchase 2,857,143 shares at $0.75, exercisable immediately, 5-year term.
- H.C. Wainwright received 7.5% cash fee plus warrants for 214,285 shares at $1.0938.
- Proceeds to be used for working capital and general corporate purposes.