other material
confidence high
sentiment neutral
materiality 0.60
RenovoRx prices $12.1M underwritten public offering of 11.5M shares at $1.05 per share
RenovoRx, Inc.
- Offering of 11,523,810 shares at $1.05/share; gross proceeds ~$12.1M, net ~$10.9M after underwriting discounts and expenses.
- Closing expected February 10, 2025; underwriter warrants issued for 576,191 shares at $1.21/share.
- Proceeds to fund Phase III TIGeR-PaC study and commercial activities for RenovoCath device.
- Titan Partners Group acted as sole bookrunner for the firm commitment offering.