other material
confidence high
sentiment neutral
materiality 0.45
AIM ImmunoTech closes rights offering raising $1.8M; issues Series G Preferred and warrants
AIM ImmunoTech Inc.
- Gross proceeds of approximately $1.8 million from 1,842 units in rights offering.
- Each unit consists of one share of Series G Convertible Preferred Stock convertible at $1.00 per share.
- Each unit includes 2 Class G Warrants exercisable at $1.00 per share, expiring in five years.
- Series G Preferred has limited voting rights and pari passu liquidation preference with common stock.
- Conversion capped at 4.99% beneficial ownership, adjustable to 9.99% with notice.