other material
confidence high
sentiment neutral
materiality 0.75
MyMD raises $13.9M via Series G & F-1 preferred stock and warrants
Q/C TECHNOLOGIES, INC.
- Gross proceeds of $8.9M (Series G) and $5.0M (Series F-1) from private placement of convertible preferred and warrants at $1.816/share.
- Series G preferred pays 10% dividend (15% on trigger), redeemable at company's option. Series F-1 mandatory redemption in 8 monthly installments from Oct 2024.
- Existing Series F preferred maturity extended to Dec 31, 2024, and installment schedule amended via omnibus waiver and amendment.
- Company must hold stockholder meeting by Aug 1, 2024, to approve issuance >19.99% of outstanding shares and increase authorized shares.