other material
confidence high
sentiment neutral
materiality 0.50
Nuo Therapeutics modifies warrant exercise price; all warrants exercised for 6.87M shares and $1.37M
Nuo Therapeutics, Inc.
- Warrant exercise price reduced from $0.40 to $0.20 per share, with exercise required by Jan 31, 2022.
- All 6,865,461 warrants exercised by Dec 30, 2021, raising $1,373,092 in gross proceeds.
- Company issued 6.87M shares of common stock in exempt private placement under Section 4(a)(2) and 3(a)(9).
- Warrants were originally issued in October 2020 recapitalization and for services to executives including CEO David Jorden.