other material
confidence high
sentiment neutral
materiality 0.50
VenHub raises $18.9M in private placement of 7.7M shares and warrants at $2.45
VenHub Global, Inc.
- Sold 7.7M shares and warrants for 7.7M shares at $2.45 per unit for $18.9M gross proceeds.
- Warrants exercisable immediately at $2.45, expire Feb 12, 2031, subject to 9.99% beneficial ownership cap.
- Issued 385,000 agent warrants to A.G.P./Alliance Global Partners at $2.695 per share.
- Proceeds to be used for growth, working capital, and general corporate purposes.
- Directors and officers agreed to 45-day lock-up post-registration statement effective date.