other_material
confidence high
sentiment neutral
materiality 0.75
CERo Therapeutics raises up to $7M via Series E convertible preferred private placement
CERO THERAPEUTICS HOLDINGS, INC.
- Initial closing of ~$1.8M; Series E convertible at $1,000 stated value, conversion price $4.1625 per share.
- Series C and D conversion price reduced to $1.76 as consent for pari passu treatment with Series E.
- Company to seek stockholder approval by Oct 31, 2025 for lower conversion; meeting target Dec 31, 2025.
- Bankruptcy trigger and company optional redemption each at 25% premium.
- Registration rights agreement filed to register resale of conversion shares.
item 1.01item 3.02item 9.01