other material
confidence high
sentiment neutral
materiality 0.75
Caring Brands enters up to $11M private placement of Series B convertible preferred and warrants
Caring Brands, Inc.
- Issues up to 11,000 Series B Preferred shares at $1,000 each for gross proceeds up to $11,000,000.
- Series B converts at $0.70/share, accrues 8% annual dividend payable in cash or stock; liquidation pari passu with Series A.
- Warrants cover 22M common shares: 11M at $0.825 and 11M at $0.95, both 5-year, full-ratchet anti-dilution.
- Exchange cap of 19.99% of outstanding common until stockholder approval; no variable-rate deals or stock splits for 120 days.
- Registration statement to be filed within 30 trading days, effective within 60-90 days; liquidated damages up to 6% if delayed.