other material
confidence high
sentiment neutral
materiality 0.50
Co-Diagnostics raises $3.0M in private placement of stock and warrants at $1.821/unit
Co-Diagnostics, Inc.
- Gross proceeds of $3.0M from sale of 1.65M shares/pre-funded warrants and 3.29M common warrants.
- Common warrants exercisable immediately at $1.571/share, expire in five years; pre-funded warrants at $0.0001.
- Offering priced at-the-market under Nasdaq rules; expected to close May 21, 2026.
- Maxim Group LLC acted as sole placement agent; net proceeds for general corporate purposes and working capital.
- Company agreed to file a resale registration statement within 15 days to register the securities.