other material
confidence high
sentiment neutral
materiality 0.70
CELZ raises ~$4.2M via warrant exercise inducement; issues 2.79M new warrants
CREATIVE MEDICAL TECHNOLOGY HOLDINGS, INC.
- Holders of 1,116,136 warrants exercised at $3.75/share, yielding $4.2M gross proceeds.
- Company issued 2,790,340 new inducement warrants at $3.75/share, exercisable 5 years after shareholder approval.
- Roth Capital received 8% fee plus $40,000 expense reimbursement for acting as financial advisor.
- Proceeds to be used for working capital and general corporate purposes.
- Exercise price of certain 2021/2022 warrants reduced to $4.73 per share.