Palomino Labs completes $1.88M second closing of private placement; total proceeds $16.98M

Palomino Laboratories Inc.

Second closing on Apr 30, 2026: 470,000 shares at $4.00/share, gross proceeds $1,880,000.
Combined with initial closing (3,773,853 shares at $4.00), total shares 4,243,853 and aggregate proceeds $16,975,412.
Laidlaw & Company received cash fees (10% of introduced proceeds, 5% of company-introduced) and expense reimbursement.
Placement agent also received 374,761 warrants at $4.80 exercise price (120% of offering price), 5-year term, cash exercise.
Offering exempt under Section 4(a)(2) and Rule 506 of the Securities Act to accredited investors.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Palomino Laboratories Inc. issued 374,761 warrants of warrant to Laidlaw & Company (UK) Ltd. for services as placement agent.

Security: warrant
Shares: 374,761 warrants
Purchaser: Laidlaw & Company (UK) Ltd.
Consideration: services as placement agent

Exact text from the filing

The Placement Agent also received 374,761 warrants to purchase shares of Common Stock which are exercisable for five (5) years and have an exercise price equal to 120% of the lowest price per share of the shares of Common Stock issued or issuable to investors in the Offering (the “ Placement Agent Warrants ”).

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Palomino Laboratories Inc. issued 470,000 Shares of common stock to certain accredited investors for gross proceeds of $1,880,000.00.

Security: common stock
Shares: 470,000 Shares
Purchaser: certain accredited investors
Consideration: gross proceeds of $1,880,000.00

Exact text from the filing

On April 30, 2026, the Company and certain accredited investors mutually agreed to effect, and effected, an additional closing, with respect to 470,000 Shares for gross proceeds of $1,880,000.00 (the “ Second Closing ”).

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Palomino Laboratories Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021282

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