other material
confidence high
sentiment neutral
materiality 0.60
Reviva Pharmaceuticals raises $3.8M net in public offering of common stock and warrants
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Net proceeds from offering updated to $3.8M; closed Aug 22, 2024.
- Sold 3,276,262 shares at $1.05/share along with warrants to purchase up to 4,761,905 shares at $0.7964.
- Also issued pre-funded warrants for 1,485,643 shares and underwriter warrants for 238,095 shares at $1.3125.
- Existing warrants from 2021 and 2023 amended: exercise price lowered to $0.7964, expiration extended to 5 years.
- Titan Partners Group underwriter; 8.0% commission and expense reimbursement.