other material
confidence high
sentiment neutral
materiality 0.75
bioAffinity Technologies closes $3.2M public offering of common stock and pre-funded warrants
bioAffinity Technologies, Inc.
- Offering of 1,040,000 shares at $0.80 each and pre-funded warrants for 2,960,000 shares at $0.793 each.
- Gross proceeds of $3.2M before fees; net proceeds for working capital and general corporate purposes.
- Post-closing common shares outstanding: 6,283,061.
- Placement agent WallachBeth Capital LLC received 7.5% fee plus $120,000 expense reimbursement.
- Company subject to 30-day lock-up on equity issuances and 3-month ban on variable-rate transactions.