debt
confidence high
sentiment neutral
materiality 0.55
Creative Medical raises ~$3.8M via 15% OID senior notes and warrants
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- Sold $4,456,176 principal amount of 15% OID senior notes for $3,787,750 in cash.
- Notes mature Feb. 11, 2022; no interest except on default; not convertible.
- Issued warrants to purchase 157,184,354 common shares at $0.02835/share, 5-year term.
- Roth Capital received $312,750 placement fee and a warrant for 10,094,408 shares.
- Net proceeds to be used for working capital and general corporate purposes.