Xtant Medical raises $5.0M via private placement of 7.8M shares at $0.64/share

Xtant Medical Holdings, Inc.

Gross proceeds of $5.0M from sale of 7,812,500 shares at $0.64/share to existing institutional investor.
Net proceeds to be used for working capital and general corporate purposes; closing expected August 9, 2024.
Craig-Hallum acted as sole placement agent; resale registration statement to be filed within 30 days of closing.
Directors and officers entered lock-up agreements restricting share sales for up to 90 days post-registration effective date.
Private placement exempt under Section 4(a)(2) and Rule 506 of Regulation D.

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