other material
confidence high
sentiment neutral
materiality 0.55
Oragenics raises $4.45M in public offering; sold shares and pre-funded warrants at $0.55
ORAGENICS INC
- Gross proceeds of ~$4.45M from offering of 3,078,378 shares and 5,028,206 pre-funded warrants.
- Net proceeds ~$3.79M after placement agent fees (7%) and estimated expenses.
- Proceeds to fund ONP-002 development for mild traumatic brain injury and general working capital.
- Post-offering shares outstanding: 8,659,071 common shares plus 5,028,206 pre-funded warrants.
- Placement agent Dawson James receives 7% cash fee and warrants for 5% of securities sold at 125% of offering price.