other material
confidence high
sentiment neutral
materiality 0.50
PetVivo raises $1.1M via private placement of common stock and warrants; also converts $300K note
PetVivo Holdings, Inc.
- Company sold 1,567,857 units at $0.70 each to 10 accredited investors, raising $1,097,500.
- Each unit consists of one restricted common share and one warrant exercisable at $1.50 until May 7, 2027.
- Additionally, $300,000 convertible note plus $1,558 accrued interest converted into equity, raising $301,558.
- Proceeds intended for commercialization of Spryng product, clinical trials, and working capital.