other material
confidence high
sentiment neutral
materiality 0.50
AIM ImmunoTech raises $1.26M via registered direct offering and warrant private placement
AIM ImmunoTech Inc.
- Issues 4,653,036 shares at $0.27 each; gross proceeds ~$1.26M before placement agent fees.
- Concurrent private placement of Class C and D warrants to purchase up to 4,653,036 shares each, exercise price $0.28.
- Warrants exercisable six months after issuance; Class C expire 18 months later, Class D 5 years later.
- Maxim Group acts as placement agent with 8% cash fee; 90-day lock-up for officers and directors.
- Company restricted from equity issuances for 60 days (except ATM after 30 days) and no variable rate transactions for 120 days.