other material
confidence high
sentiment negative
materiality 0.65
Genprex announces $2.7M registered direct offering plus warrants for up to $5.4M; Nasdaq compliance risk remains
Genprex, Inc.
- Issued 243,622 shares at $11.21/sh for ~$2.7M gross proceeds; net ~$2.3M after fees.
- Concurrent private placement of warrants to purchase up to 487,244 shares at $11.00/sh, exercisable for 24 months.
- Company still at risk of Nasdaq delisting; reverse stock split (1:50) implemented Oct 21, 2025; exception expires Oct 31, 2025.
- Proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acting as placement agent; fees 7% cash plus warrants.