other material
confidence high
sentiment neutral
materiality 0.60
Azitra closes $10M public offering of 6.67M shares and warrants at $1.50/unit
Azitra, Inc.
- Gross proceeds ~$10.0M; net proceeds ~$8.95M after placement agent fees and expenses.
- Offering: 6,665,000 common shares plus Class A warrants for 13.33M shares, priced at $1.50 per unit.
- Class A warrants exercisable at $1.50/share, subject to reset to as low as $0.32 on Aug 24, 2024.
- Maxim Group LLC acted as placement agent, receiving 7% cash fee and warrants for 266,600 shares at $1.875.