other_material
confidence high
sentiment neutral
materiality 0.50
Aspire Biopharma closes second tranche of $21M preferred offering; funds Dura Driver acquisition
Aspire Biopharma Holdings, Inc.
- Closed second tranche of Series A Convertible Preferred stock on April 15, 2026 for 12,500 shares and gross proceeds of ~$10M.
- Combined with first tranche (13,750 shares, $11M), total offering raises $21M before fees.
- Amended Certificate of Designation to increase authorized Series A shares from 25,000 to 30,000.
- Net proceeds to fund cash portion of proposed Dura Driver Control Systems acquisition and for general corporate purposes.
- RBW Capital Partners acting through Dawson James Securities acted as placement agent.
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