other material
confidence high
sentiment neutral
materiality 0.50
VolitionRx raises up to $1.9M in registered direct offering with warrants for additional $2.7M
VOLITIONRX LTD
- Offering includes 445,648 Insider Shares at $0.5722 and 2,857,389 shares with warrants at $0.5722.
- Form A warrants exercisable at $0.5722/share, Form B at $0.71525/share, both expire Dec 2029.
- Gross proceeds upfront ~$1.9M; potential additional $2.7M if warrants fully exercised.
- Proceeds for R&D, clinical studies, product commercialization, and working capital.
- Insiders participate; no placement agent; closing expected on Dec 9, 2024.