secwatch.observer — SEC 8-K summary
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Issuer:     PALISADE BIO, INC. (PALI)
CIK:        0001357459
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001493152-24-004539
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Palisade Bio exercises warrants for $2.5M gross proceeds; exercise price reduced to $0.7313
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- Exercise of ~3.4M Existing Warrants at reduced price of $0.7313 per share, raising ~$2.5M gross.
- Replacement Warrants issued for each exercised warrant, exercisable at $0.7313 for 5 years.
- Existing warrants initially had exercise prices up to $35.525/share; investors received new warrants.
- Ladenburg Thalmann acted as placement agent, earning 7.75% cash fee and 6% warrant coverage.
- Net proceeds to be used for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1357459/000149315224004539/0001493152-24-004539-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1357459/000149315224004539/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-004539

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