other material
confidence high
sentiment neutral
materiality 0.50
BioCorRx raises $600k from directors via stock and warrants; converts $314k note to equity
BioCorRx Inc.
- Directors Galligan and Lucido each invest $300k at $1.75/share, receive warrants for equal shares at $4.00.
- Lucido exchanges $313,892 promissory note for 183,606 shares of common stock, canceling the note.
- Total shares issued: 342,592 from subscriptions plus 183,606 from note exchange = 526,198 shares.
- Warrants exercisable for 3 years at $4.00 per share, issued to both directors.
- Securities issued in private placement exempt from registration under Section 4(a)(2).