other material
confidence high
sentiment neutral
materiality 0.55
Windtree files prospectus supplement for up to $27.2M stock issuance to Seven Knots
WINDTREE THERAPEUTICS INC /DE/
- Registered up to $27,243,504 in common shares for issuance and resale under existing equity line with Seven Knots.
- As of Oct 25, 2024, issued 5,499,273 shares for $7,756,496 gross proceeds under the Purchase Agreement.
- Redeemed 1,499 Series C Preferred Shares for $2.3M using proceeds from equity line sales.
- Obtained stockholder approval at Sept 2024 annual meeting to exceed the Nasdaq Exchange Cap.
- Based on 8,746,128 shares outstanding, no longer subject to Form S-3 one-third float limit until next 10-K.