other_material
confidence high
sentiment neutral
materiality 0.30
Palomino Labs adds $275K to private placement; total raised ~$9.76M
Palomino Laboratories Inc.
- On Oct 24, 2025, Palomino sold 183,334 units at $1.50/unit for $275,001 gross proceeds.
- Each unit consists of one share of common stock and one warrant (exercise price $1.50, term 1 yr after trading start).
- Placement agent Laidlaw & Co. received 10% cash commission, 2% expense allowance, and 18,333 warrants at $1.80 (7-yr term).
- Combined with prior Oct 6 closing, total units sold: 6,504,017 for aggregate gross proceeds of ~$9.76 million.