other material
confidence high
sentiment neutral
materiality 0.70
Creative Medical raises ~$17M in private placement with institutional investors
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- Company sold 2,991,669 shares, 4,563,887 pre-funded warrants ($0.0001 exercise), and 15,111,112 common warrants ($2.00; 5-year term) at $2.25 per combined unit.
- Gross proceeds of approximately $17 million; net after placement agent fees of $1.36 million and warrants to Roth for 1,133,333 shares.
- Directors and officers signed 90-day lock-up agreements triggered by registration effectiveness or Rule 144 eligibility.
- Company agreed to file registration statement covering resale of shares and warrant shares under Registration Rights Agreement.