other material
confidence high
sentiment neutral
materiality 0.60
Vivos Therapeutics announces proposed rights offering with exercise price floor of $1.25 per share
Vivos Therapeutics, Inc.
- Each right entitles holder to buy one share at greater of $1.25/share or 20% above market on day before record date.
- Rights are transferable and intended to be listed on an exchange; 9-month exercise period.
- Upon exercise, holder receives a subsequent 9-month right at greater of $1.75/share or 40% above market.
- Record date set as 30th day after SEC declares registration statement effective; no assurance of completion.
- Conditions include SEC effectiveness, shareholder vote for share increase if needed, and board approval.