other material
confidence high
sentiment positive
materiality 0.70
PetVivo raises $1M in private placement, secures option for additional $1.5M
PetVivo Holdings, Inc.
- Issued 1,250,000 restricted common shares and warrants at $0.80/unit for $1M; $400K received Mar 13, 2026.
- Investor receives purchase option for up to 1,500,000 additional units at $0.80/unit ($1.5M) exercisable before June 15, 2026.
- Each unit includes one common share and one warrant with $1.10 strike, 3-year term.
- Proceeds to fund commercialization of Spryng, product development, clinical trials, and working capital.
- Company has approx. 35.2M shares outstanding as of March 11, 2026.