Biomerica raises ~$2.23M in private placement; B. Riley gets board seat

BIOMERICA INC

Sold 1,393,705 shares at $1.60 each for ~$2.23M gross proceeds on Aug 20, 2026.
Purchasers include B. Riley Principal Capital, LLC and company directors/executives.
B. Riley Principal Capital may designate one board representative if it holds ≥10% voting power.
Directors and certain executives sign 180-day lock-up agreements post-closing.
Registration rights: file resale registration within 30 days, effective within 30-60 days; 1.0% liquidated damages.

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