other material
confidence high
sentiment neutral
materiality 0.60
MyMD completes $14M private placement of Series G and F-1 preferred stock and warrants
Q/C TECHNOLOGIES, INC.
- Gross proceeds of $14 million from two concurrent private placements announced May 20.
- Issued 8,950 shares Series G and 5,050 shares Series F-1 preferred, each convertible at $1.816/share.
- Series G warrants cover up to ~9.86M shares; Series F-1 warrants cover ~2.37M shares, all at $1.816.
- Preferred stock certificates of designations filed May 21; offering closed May 23.
- Proceeds used for working capital and general corporate purposes.