other material
confidence high
sentiment neutral
materiality 0.60
Good Gaming closes $3.1M private placement of common stock and warrants
GOOD GAMING, INC.
- Gross proceeds of $3.1M from sale of 20,733,337 shares (or equivalents) and warrants for the same number of shares at $0.15 per unit.
- Warrants exercisable at $0.20 per share, expire 5.5 years from issuance; immediately exercisable into restricted shares.
- H.C. Wainwright & Co. served as exclusive placement agent for the offering.
- Net proceeds to be used to expand Microbuddies, working capital, and general corporate purposes.
- Company must file resale registration statement within 15 days; use best efforts for effectiveness within 90 days.