Genelux Corp raises ~$18M in private placement of 900K shares at $20/share

GENELUX Corp

Gross proceeds ~$18M from sale of 900K shares of common stock at $20 per share.
One investor committed to fund up to $12.5M after initial closing by Nov 15, 2023.
Initial closing expected on or before June 20, 2023, subject to customary conditions.
Company to file registration statement for resale of shares within 30 days after initial closing.
Securities offered in reliance on Section 4(a)(2) and Rule 506(b) of Regulation D.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GENELUX Corp entered into Securities Purchase Agreement with certain investors valued at approximately $18.0 million (effective 2023-06-09).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: approximately $18.0 million
Effective: 2023-06-09

Exact text from the filing

On June 9, 2023, Genelux Corporation (the “Company”) entered into a Securities Purchase Agreement (the “Purchase Agreement”) with certain investors (the “Purchasers”), pursuant to which the Company agreed to sell and issue 900,000 shares of the Company’s common stock (“Common Stock”) in a private placement transaction (the “Private Placement”).

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GENELUX Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-020828

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