other material
confidence high
sentiment neutral
materiality 0.55
eXoZymes closes $640K unit offering of 35,555 units at $18/unit
EXOZYMES INC.
- Gross proceeds $639,990 from 35,555 units at $18/unit; net ~$565K after commissions and expenses.
- Each unit: 2 shares of common stock + 1 warrant; share price $8.99, warrant $0.02.
- Warrants exercisable at $11.24/share from June 5, 2027 to June 5, 2031; reset if shares sold below $8.99 before June 5, 2027.
- Placement agent MDB Capital receives 7% fee and warrants for 10% of securities sold.
- Net proceeds to be used for NCT business development, R&D, and working capital.