other material
confidence high
sentiment neutral
materiality 0.70
Mangoceuticals raises up to $1.25M via Series B Preferred and warrants
MANGOCEUTICALS, INC.
- Issued 350 shares of Series B Preferred for $350K and warrants for 462K shares at $2.57-$2.71 exercise price.
- Anticipates selling additional $900K of Series B Preferred and 1.188M warrants on similar terms.
- Warrants exercisable after 180 days, 5-year term; conversion of Preferred limited by $2.25 floor price.
- Purchasers granted 18-month participation right in future financings up to their subscription amount.