other material
confidence high
sentiment neutral
materiality 0.70
Research Frontiers raises $4.6M in private placement; grants warrants at $2.76/share
RESEARCH FRONTIERS INC
- Sold 2.0 million shares at $2.30 each to accredited investors, raising $4.6 million.
- Each share includes a warrant expiring Sep 2027 to purchase one share at $2.76.
- Shares and warrant shares are unregistered; subject to at least six-month holding period.
- Company and licensee Gauzy Ltd. issued press release on SPD-SmartGlass product exhibitions in Europe.