other material
confidence high
sentiment neutral
materiality 0.40
Brownie's Marine raises $205k via private placement of units at $0.024/unit
Brownie's Marine Group, Inc
- Sold 216,666 units (208,333 on Sep 6, 2021; 8,333 on Sep 7, 2021) for gross proceeds of $205,000.
- Each unit consists of one share of common stock and a two-year warrant exercisable at $0.024 per share.
- Proceeds will be used for working capital and general corporate purposes.
- Offering exempt from registration under Section 4(a)(2) and Rule 506(b) of Regulation D.
- Warrants are exercisable for cash only and subject to anti-dilution adjustments.