secwatch.observer — SEC 8-K summary
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Issuer:     RenovoRx, Inc. (RNXT)
CIK:        0001574094
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001493152-23-010652
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RenovoRx raises $5M in registered direct offering and private placement of common stock and warrants
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- Gross proceeds of ~$5M from sale of 1,557,632 shares (or pre-funded warrants) at $3.21 per share.
- Concurrent private placement of warrants to purchase 1,947,040 shares at $3.21, exercisable for 5.5 years.
- Offering priced at-the-market under Nasdaq rules; closing on April 3, 2023.
- Roth Capital Partners acted as exclusive placement agent; net proceeds for working capital and general corporate purposes.
- Pre-funded warrants priced at $3.2099 each to avoid investor exceeding 4.99% beneficial ownership.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1574094/000149315223010652/0001493152-23-010652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1574094/000149315223010652/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-010652

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer