other_material
confidence high
sentiment neutral
materiality 0.35
PetVivo receives final $1M from $5M Series B Convertible Preferred Stock offering
PetVivo Holdings, Inc.
- Received $1M from full exercise of Purchase Option, completing $5M equity financing.
- Total of $5M raised via Series B Convertible Preferred Stock at $1 per share, convertible 1:1 into common stock.
- Proceeds intended for commercialization of Spryng and PrecisePRP, clinical trials, and working capital.
- Sale made under Section 4(a)(2) to accredited investor; shares are restricted.
- Certificate of Designation filed on March 26, 2025; amendment on March 31, 2025 for Company Call Option.
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