Bone Biologics prices $5M underwritten public offering of 2.5M shares at $1.97/share

Bone Biologics Corp

Gross proceeds of approximately $5.0 million from sale of 2,538,071 shares of common stock at $1.97 per share.
Underwriters granted 45-day over-allotment option to purchase up to 253,807 additional shares.
Offering expected to close on or about June 16, 2023, subject to customary conditions.
EF Hutton, division of Benchmark Investments, acting as sole book-running manager.
Registration statement on Form S-1 (No. 333-271558) declared effective by SEC on June 14, 2023.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Bone Biologics Corp entered into Underwriting Agreement with EF Hutton, division of Benchmark Investments, LLC valued at 2,538,071 shares of common stock at $1.97 per share; underwriter option for up to 380,710 additional (effective 2023-06-14).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton, division of Benchmark Investments, LLC
Value: 2,538,071 shares of common stock at $1.97 per share; underwriter option for up to 380,710 additional
Effective: 2023-06-14

Exact text from the filing

On June 14, 2023, Bone Biologics Corporation (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”) acting as representatives of the several underwriters (the “Underwriters”) in connection with a public offering (the “Offering”) of the Company’s securities.

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Bone Biologics Corp filing history →

Source: SEC EDGAR

accession 0001493152-23-021605

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