other material
confidence high
sentiment neutral
materiality 0.65
Iveda closes $8M public offering, completes 1-for-8 reverse stock split, uplists to Nasdaq
Iveda Solutions, Inc.
- Gross proceeds of $8.0M from offering of 1,885,000 shares and 2,164,700 warrants (including over-allotment) at $4.25 per unit.
- Reverse stock split at 1-for-8 effective March 31, 2022; authorized shares reduced accordingly.
- Common stock and warrants began trading on Nasdaq Capital Market on April 1, 2022 under symbols IVDA and IVDAW.
- Warrants exercisable at $4.25 per share, expire in 5 years.
- Net proceeds to be used for product development, marketing, business development, and working capital.