other material
confidence high
sentiment neutral
materiality 0.60
GeoVax raises ~$1M gross in registered direct offering priced at $2.31/share
GeoVax Labs, Inc.
- Offering of 432,902 shares (or pre-funded warrants) at $2.31/share; net proceeds ~$865,000.
- Concurrent private placement of Series A-1 and A-2 warrants for up to 432,902 shares each, exercisable at $2.31 after shareholder approval.
- Existing warrants for 236,000 shares amended: exercise price reduced from $4.35 to $2.31, subject to shareholder approval.
- Proceeds to fund R&D, manufacturing, clinical studies, and working capital.
- H.C. Wainwright acted as sole placement agent; closing occurred February 17, 2026.