other material
confidence high
sentiment neutral
materiality 0.55
FibroBiologics issues shares under $15M SEPA; converts $2.9M note principal
FibroBiologics, Inc.
- Issued 118,991 shares as commitment fee at $2.1010/share on Jan 7, 2025.
- Investor converted $900K, $500K, $500K, and $1.1M of Second Note between Jan 23 and Feb 7.
- Conversion prices ranged $1.4955 to $1.6301; total shares issued: 1,936,628.
- Second Note remaining principal is $2.0M as of Feb 7, 2025.
- Sale relied on Section 4(a)(2) exemption; no public offering.