other material
confidence high
sentiment neutral
materiality 0.55
Vivos Therapeutics raises ~$4.0M via warrant exercise; issues new inducement warrants
Vivos Therapeutics, Inc.
- Holder exercises Series B warrant for cash at $4.02/share, yielding ~$4.0M gross proceeds.
- Company issues 5-year Series B-1 and 18-month Series B-2 warrants for 735,296 shares each at $5.05.
- Inducement transaction expected to close by Feb 20, 2024; proceeds for working capital.
- A.G.P./Alliance Global Partners receives 7% cash fee ($280K) plus up to $30K legal expenses.
- Company must file resale registration for new warrant shares by Apr 5, 2024.