other material
confidence high
sentiment neutral
materiality 0.50
Reviva prices $18M public offering of 12M shares and warrants
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Offering of 12M shares of common stock plus Series A warrants (6M shares, 6-month term) and Series B warrants (12M shares, 5-year term) at $1.50/unit.
- Gross proceeds $18M; net proceeds ~$15.8M after underwriting discounts and expenses.
- Series A warrants exercisable at $1.50, expire in 6 months; Series B warrants at $1.50, expire in 5 years.
- Expected closing on December 18, 2024; Citizens JMP Securities is sole bookrunner.
- Proceeds to fund R&D, working capital, and general corporate purposes.