other material
confidence high
sentiment neutral
materiality 0.50
Enveric Biosciences raises ~$1.5M in registered direct offering with warrants
Enveric Biosciences, Inc.
- Sold 328,802 shares at $4.41 per share in a registered direct offering, gross proceeds ~$1.5M.
- Concurrent private placement: Series G and H warrants to buy up to 328,802 shares each at $4.16.
- Series G warrants expire 5 years after resale registration effective date; Series H expire 18 months after.
- Net proceeds ~$1.25M for product development, working capital, general corporate purposes.
- H.C. Wainwright acted as placement agent; fees include 7% cash and placement agent warrants.