other_material
confidence high
sentiment neutral
materiality 0.65
SRx Health Solutions raises up to $8.0M via Series B preferred and warrants; initial close $4.528M
SRx Health Solutions, Inc.
- Securities Purchase Agreement for up to 10,000 Series B shares ($1,000 stated value) and warrants at $0.3182 exercise price.
- Initial closing of 5,660 Series B shares and 22,237,666 warrants for gross proceeds of ~$4.528M.
- Warrants expire 3 years from exercisability; exercise price subject to adjustment after stockholder approval.
- Company optional redemption at 125% of greater of stated value or market price; conversion price fixed at $0.3182.
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