other material
confidence high
sentiment neutral
materiality 0.55
Bone Biologics closes $5.1M public offering of 3.78M units at $1.35/unit
Bone Biologics Corp
- Gross proceeds of $5.1M from offering of 3,777,778 units at $1.35 per unit.
- Each unit includes one common share and three Series A, B, C warrants exercisable at $1.62, $1.35, $2.16 respectively.
- Warrants expire five years from issuance; Series C warrants eligible for cashless exercise upon $10M volume trigger.
- Net proceeds to fund clinical trials, patent portfolio, CRO retention, and working capital.
- WallachBeth Capital acted as sole book-runner; over-allotment option partially exercised for 556,037 warrants.