Iveda Solutions raises $5M via private placement of stock and warrants

Iveda Solutions, Inc.

Gross proceeds of $5M from sale of 3,289,474 shares (or pre-funded warrants) at $1.52/unit and 3,289,474 warrants.
Warrants exercisable at $1.40/share, immediately exercisable for 5.5 years from issuance.
Net proceeds to be used for working capital and general corporate purposes.
Maxim Group acted as sole placement agent with 7% cash fee on gross proceeds.
Company to file resale registration statement with SEC by August 24, 2022.

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