other material
confidence high
sentiment neutral
materiality 0.60
Calidi Biotherapeutics prices $4.25M public offering of 5M shares at $0.85/share
Calidi Biotherapeutics, Inc.
- Priced public offering of 5,000,000 shares at $0.85 per share for gross proceeds of $4.25 million.
- Ladenburg Thalmann acting as exclusive placement agent; fees include 8% cash fee plus 1% management fee.
- Placement agent warrants issued to purchase 250,000 shares at $1.0625 per share (125% of offering price).
- Lock-up agreements: company 15 days, directors/officers 90 days from closing; agent may waive.
- Net proceeds to be used for working capital and general corporate purposes.