other_material
confidence high
sentiment neutral
materiality 0.75
Reviva prices $10M public offering of 20M shares and warrants at $0.50 per unit
REVIVA PHARMACEUTICALS HOLDINGS, INC.
- Offering comprises 20M shares, 20M Series C warrants (5-year, $0.50 exercise), and 20M Series D warrants (12-month, $0.50 exercise).
- Gross proceeds of $10M; net proceeds expected ~$9.0M after fees.
- Net proceeds to fund R&D, working capital, and general corporate purposes.
- Closing expected June 27, 2025; 60-day lock-up on share issuance and one-year variable rate transaction restriction.
- A.G.P./Alliance Global Partners serving as sole placement agent with 7.0% cash fee.
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