U.S. Gold Corp. raises $4.9M via share offering and warrants

U.S. GOLD CORP.

Offering of 1,400,000 shares at $3.50/share and warrants for 1,400,000 shares at $4.48 exercise price.
Gross proceeds of approximately $4.9 million; expected close on April 19, 2024.
Proceeds for working capital and general corporate purposes.
Warrants exercisable after six months, expiring five years from exercise date.
No placement agent retained for the transaction.

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

U.S. GOLD CORP. entered into Securities Purchase Agreement with certain investors valued at approximately $4.9 million (effective 2024-04-15).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: approximately $4.9 million
Effective: 2024-04-15

Exact text from the filing

On April 15, 2024, U.S. Gold Corp., a Nevada corporation (the “Company”), entered into a Securities Purchase Agreement with certain investors (the “Securities Purchase Agreement”) providing for the issuance and sale by the Company in a registered direct offering (the “Offering”) an aggregate of 1,400,000 shares of the Company’s common stock, $0.001 par value per share (“Common Stock”) at a purchase price of $3.50 per share (the “Offering Shares”).

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U.S. GOLD CORP. filing history →

Source: SEC EDGAR

accession 0001493152-24-015248

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