other material
confidence high
sentiment neutral
materiality 0.60
PetVivo receives $200K on partial option exercise; extends Series B preferred offering option to June 26
PetVivo Holdings, Inc.
- Received $200,000 on May 6, 2025 from partial exercise of Purchase Option under March 26 Subscription Agreement.
- Purchase Option extended 30 days to June 26, 2025 for up to $4.2M remaining of $5M Series B Convertible Preferred offering.
- Shares priced at $1.00 each; investor represented as accredited; securities unregistered and restricted.
- Proceeds intended for commercialization of Spryng™, PrecisePRP, clinical trials, and working capital.
- Option allows purchase of up to 4,400,000 additional shares at same terms; no minimum offering amount.