other material
confidence high
sentiment negative
materiality 0.55
Neuraxis lowers warrant exercise price to $2.38; SPA not yet closed
Neuraxis, INC
- Exercise price of all warrants reduced from $5.25 to $2.38 per share due to SPA with Flagstaff International.
- SPA for Series B Preferred Stock at $2.38/share has not been paid or issued as of Dec 19, 2023.
- New 2023 warrants for 609,760 shares and PA warrants for 144,990 shares not yet issued.
- 2022 warrant share count unchanged (793,655 shares); total warrants ~1.42M shares at new lower price.