other material
confidence high
sentiment neutral
materiality 0.65
PetVivo raises $1M via unit offering with warrants; $1.5M option available
PetVivo Holdings, Inc.
- Raised $1M from 1.25M units at $0.80/unit; each unit = 1 restricted common share + 1 warrant at $1.10/strike, 3-year term.
- Initial $400K received March 13, 2026; remaining $600K due by April 15, 2026.
- Investor has option to purchase additional $1.5M (1.875M units) on same terms, exercisable until June 15, 2026.
- Approximately 35.2M common shares outstanding as of March 11, 2026; offering exempt under Reg D/accredited investors.
- Proceeds for commercialization of Spryng™, new product development, clinical trials, and working capital.