other material
confidence high
sentiment negative
materiality 0.70
Qualigen Therapeutics prices $3.46M public offering of common stock and pre-funded warrants
AIxCrypto Holdings, Inc.
- Offering: 14,724,058 shares at $0.13 each and pre-funded warrants for 11,972,754 shares at $0.129 per warrant.
- Gross proceeds ~$3.46M; closing expected September 6, 2024.
- Net proceeds to accelerate payment of $2M Senior Note from July 2024 and fund operations.
- Also for clinical/preclinical studies, working capital, possible Marizyme expansion, and acquisitions.
- Univest Securities acted as exclusive placement agent.