other_material
confidence high
sentiment neutral
materiality 0.75
Bone Biologics closes $5M public offering, net proceeds ~$4.3M
Bone Biologics Corp
- Gross proceeds $5M from 1.25M shares (or pre-funded) plus Series D/E warrants; net ~$4.3M after fees.
- Series D warrants (5-year, $4 strike) and Series E warrants (18-month, $4 strike); potential $10M if fully exercised.
- Proceeds to fund clinical trials, patent portfolio, and working capital.
- H.C. Wainwright acted as exclusive placement agent; fees 7% of gross plus 1% management fee.
- After closing, approximately 1.6M shares of common stock outstanding.
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