other material
confidence high
sentiment neutral
materiality 0.75
AIM ImmunoTech raises $2.0M in registered direct offering and warrant placement
AIM ImmunoTech Inc.
- Issues 5,640,958 shares at $0.363/share for gross proceeds of ~$2.0M to a single institutional investor.
- Concurrent private placement of Class A and B warrants to purchase up to 5,640,958 shares each, exercisable at $0.363.
- Class A warrants exercisable after 6 months, expire 18 months later; Class B warrants expire 5 years after exercise date.
- Officers and directors agree to 90-day lock-up; company restricted from issuing equity for 60 days (30-day ATM exception).
- Maxim Group LLC serving as placement agent with 8% cash fee and expense reimbursement.