other_materialconfidence high
AIM ImmunoTech closes warrant inducement, raises ~$3.6M gross
AIM ImmunoTech Inc.
- Holders exercised Existing Warrants for 7,451,920 shares at reduced price of $0.48 per share.
- Company issued new Class H Inducement Warrants to purchase up to 14,903,840 shares at $0.60 per share, exercisable for 5 years.
- Gross proceeds from warrant exercise were approximately $3.6 million; placement agent fees of ~$285K (8% of gross) paid.
- Placement agent Ladenburg Thalmann also received warrants to purchase 6% of the shares issued (Placement Agent Warrants).
- Securities were issued under Section 4(a)(2) exemption; not registered under Securities Act.
item 3.02
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