other material
confidence high
sentiment neutral
materiality 0.70
Bone Biologics prices $5.1M public offering of 3.78M units at $1.35/unit
Bone Biologics Corp
- Gross proceeds $5.1M from sale of 3,777,778 units; net proceeds estimated ~$4.454M.
- Each unit: 1 common share plus Series A ($1.62), B ($1.35), C ($2.16) warrants, 5-year term.
- Series C warrant cashless exercise trigger: 15 days after issuance or $10M common stock volume traded.
- Underwriters granted 45-day over-allotment option for up to 566,666 additional shares/warrants.
- Closing expected October 12, 2022; WallachBeth Capital acting as sole book-running manager.