---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-029457"
form_type: "8-K"
ticker: "BCDA"
cik: "0000925741"
company_name: "BioCardia, Inc."
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:11:04.147043+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BioCardia closes $5.1M net equity offering with insider participation

## Summary
- Sold 4,800,000 shares of common stock and warrants for 4,800,000 shares at combined price of $1.25 per unit, raising $6M gross proceeds.
- Net proceeds expected to be approximately $5.1 million after deducting placement agent fees and expenses.
- Directors and executive officers purchased 734,400 shares/warrants, contributing $0.9M of gross proceeds.
- Warrants immediately exercisable at $1.25 per share, expiring September 20, 2027, with 4.99% beneficial ownership limitation.
- Company agreed to no additional equity issuance until Nov 18, 2025, and no variable rate transactions until Mar 19, 2026.

## SEC filing metadata
- accession: 0001437749-25-029457
- form_type: 8-K
- ticker: BCDA
- cik: 0000925741
- company_name: BioCardia, Inc.
- filed_at: 2025-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/925741/000143774925029457/0001437749-25-029457-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/925741/000143774925029457/bcda20250919_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-029457
- JSON: https://secwatch.observer/filing/0001437749-25-029457.json
- Plain text: https://secwatch.observer/filing/0001437749-25-029457.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.