other material
confidence high
sentiment neutral
materiality 0.45
Adaptin Bio raises $1M in private placement of 200,000 shares at $5.00 each
ADAPTIN BIO, INC.
- Gross proceeds of $1.0 million from sale of 200,000 shares at $5.00 per share in a private placement.
- Placement agent receives 10% cash commission and warrants for 10% of shares sold, exercisable at $5.00 for 5 years.
- Company will file resale registration statement; 12% per annum penalty for registration delays.
- Holders get piggyback registration rights subject to underwriter cut-back on a pro rata basis.