other material
confidence high
sentiment neutral
materiality 0.55
BioRestorative raises $5.0M in public offering of stock and warrants to fund clinical programs
BioRestorative Therapies, Inc.
- Offering of 14.3M shares (or pre-funded warrants) and 14.3M five-year warrants at $0.35/unit closed Feb 13.
- Gross proceeds ~$5.0M net of ~7% placement agent fee and expenses.
- Proceeds to fund BRTX-100 Phase 2 trial, ThermoStem R&D, biocosmeceuticals platform, and working capital.
- Rodman & Renshaw acted as exclusive placement agent; 90-day lockup on new equity issuances.