other material
confidence high
sentiment neutral
materiality 0.70
Calidi Biotherapeutics closes $3.9M registered direct offering and private placement
Calidi Biotherapeutics, Inc.
- Gross proceeds ~$3.9M from sale of 3.325M shares at $0.65 and pre-funded warrants for 2.728M shares.
- Issued Series G warrants to purchase up to 6.053M shares at $0.6954, exercisable after 6 months for 7.5 years.
- Ladenburg Thalmann placement agent; 8% cash fee + 1% management; received warrants for 302,650 shares at $0.8125.
- Proceeds for working capital and to advance pre-clinical and clinical programs.
- Directors/officers subject to 90-day lock-up; company restricted from further issuances for 75 days (with exceptions).