Dror Ortho-Design raises $200K in second closing of private placement; issues preferred stock and warrants

Dror Ortho-Design, Inc.

Second closing on Sept 13, 2023: sold 181,818.17 preferred shares and 18,181,817 warrants.
Gross proceeds of $200,000 from the second closing; effective price $0.011/share.
Warrants exercisable at $0.033 per share for five years.
Securities issued under Reg S/Reg D exemptions; unregistered and restricted.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Dror Ortho-Design, Inc. entered into Securities Purchase Agreement with certain investors valued at aggregate gross proceeds of $200,000 (effective 2023-08-14).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: aggregate gross proceeds of $200,000
Effective: 2023-08-14

Exact text from the filing

On August 14, 2023, Dror Ortho-Design, Inc. (the “"Company”) entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with certain investors

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Dror Ortho-Design, Inc. filing history →

Source: SEC EDGAR

accession 0001387131-23-011287

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