other material
confidence high
sentiment neutral
materiality 0.75
Creative Medical raises $17M in PIPE with shares, pre-funded & common warrants
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- Gross proceeds ~$17M from sale of 2,991,669 shares, pre-funded warrants for 4,563,887 shares, and common warrants for 15,111,112 shares at $2.25/unit.
- Common warrants have 5-year term, exercise price $2.00; pre-funded warrants have $0.0001 exercise price, no expiration.
- Placement agent Roth Capital received $1.36M cash fee and warrant for 1,133,333 shares with same terms as common warrants.
- Directors and officers agreed to 90-day lock-up from earliest of registration effective date or Rule 144 sale.
- Company committed to file resale registration statement for all shares and warrant shares issued.