other material
confidence high
sentiment neutral
materiality 0.60
FreeCast raises $23.7M in private placement of common stock and pre-funded warrants
FreeCast, Inc.
- Sold 4,666,667 shares of Class A common stock and pre-funded warrants for 3,243,807 shares at $3.00 per unit.
- Gross proceeds of ~$23.7M; net proceeds for working capital and general corporate purposes.
- Pre-funded warrants exercisable at $0.0001/share, require shareholder approval, do not expire.
- A.G.P./Alliance Global Partners acted as sole placement agent; fees of 5.0% (new investors) and 1.0% (existing).
- Company agreed to file resale registration statement within 12 trading days; liquidated damages if delayed.