other material
confidence high
sentiment neutral
materiality 0.55
Genelux receives ~$2.35M net from partial overallotment exercise by underwriters
GENELUX Corp
- Underwriters exercised option to purchase 625,000 shares and warrants at $4.00 per unit.
- Net proceeds after discounts and expenses were approximately $2.35 million.
- Warrants have $5.25 exercise price and include a 9.99% beneficial ownership limitation.