other material
confidence high
sentiment positive
materiality 0.75
Bone Biologics prices $7.9M public offering, uplists to Nasdaq, effects 1-for-2.5 reverse split
Bone Biologics Corp
- Offering of 1,510,455 units at $5.25/unit raised $7.9M gross; units consist of 1 share + 1 warrant (strike $6.30, 5-year term).
- Common stock and warrants began trading on Nasdaq Capital Market Oct 13 under symbols BBLG and BBLGW.
- Company effected 1-for-2.5 reverse stock split effective Oct 12, 2021.
- Underwriters granted 45-day over-allotment option for up to 226,568 additional shares and/or warrants.
- WallachBeth Capital acted as sole book-running manager; closing expected Oct 15, 2021.