other material
confidence high
sentiment neutral
materiality 0.75
GeoVax raises ~$8.5M in registered direct offering of 1.7M shares at $5.00 each
GeoVax Labs, Inc.
- Gross proceeds $8.5M; net proceeds ~$7.855M after fees and expenses.
- Offering: 1,360,731 common shares and 339,269 pre-funded warrants at $5.00/$4.99999 per unit.
- Concurrent private placement of warrants to buy 1.7M common shares, exercisable at $5.00 for five years.
- Net proceeds to be used for working capital and general corporate purposes.
- Roth Capital Partners as placement agent; offering closed August 21, 2024.