other material
confidence high
sentiment neutral
materiality 0.75
Digital Ally prices $15M common unit offering with warrants at $0.15/unit
KUSTOM ENTERTAINMENT, INC.
- Gross proceeds expected ~$15M from offering of 100M Common Units at $0.15 per unit (or $0.149 for Pre-Funded Units).
- Each Common Unit consists of one share (or Pre-Funded Warrant) and Series A & B warrants exercisable at $0.1875 and $0.30 respectively.
- Offering expected to close Feb 14, 2025; Aegis Capital Corp. sole book-runner.
- Company to use net proceeds for general corporate purposes and working capital.
- Record date Feb 14, 2025 for special meeting to approve warrant-related matters.