other material
confidence high
sentiment neutral
materiality 0.55
GRI Bio closes $8.0M public offering of common stock and Series F warrants
GRI Bio, Inc.
- Offering of 10,666,667 shares (or equivalents) plus Series F warrants to buy same number at $0.75/share.
- Gross proceeds $8.0M; H.C. Wainwright acted as exclusive placement agent.
- Series F warrants exercisable immediately at $0.75, expire in five years; potential additional $8.0M if fully cash-exercised.
- Proceeds to fund product development, working capital, and general corporate purposes.
- Post-offering stockholders' equity exceeds $2.5 million, addressing Nasdaq continued listing requirement.