other material
confidence high
sentiment neutral
materiality 0.55
Glucotrack raises $4.0M via private placement of pre-funded and common warrants
Glucotrack, Inc.
- Gross proceeds ~$4.0M from sale of 1,033,591 pre-funded warrants and 2,067,182 common warrants at $3.87/unit.
- Common warrants exercise price $3.87, not exercisable until stockholder approval, expire 5 years after approval.
- Net proceeds for working capital and general corporate purposes.
- Officers and directors entered 90-day lock-up agreements restricting share transfers.
- Curvature Securities acted as sole placement agent; receives 7% cash fee and warrants for 124,030 shares at $4.257.