other material
confidence high
sentiment neutral
materiality 0.65
Creative Medical Technology raises $3.7M via warrant exercise inducement; issues new warrants at $3.75
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- Gross proceeds of ~$3.7M from cash exercise of 837,104 existing warrants at $4.42/share.
- Issued new inducement warrants to purchase 1,674,208 shares at $3.75, 5-year term, exercisable after stockholder approval.
- New warrants unregistered; company to file resale registration on Form S-3 within 30 days.
- Roth Capital receives 8% fee plus warrants for 5% of shares underlying exercised and new warrants.
- Proceeds will be used for working capital and general corporate purposes.