other_material
confidence high
sentiment neutral
materiality 0.80
CEA Industries closes ~$500M private placement of common stock and warrants
CEA Industries Inc.
- Sold 41,754,478 common shares at $10.10/share; pre-funded warrants for 7,750,510 shares at $10.09999.
- Issued stapled warrants to purchase 49,504,988 shares at $15.15 exercise price.
- Cantor Fitzgerald & Co. acted as sole placement agent.
- Gross proceeds estimated at roughly $500 million from common stock and pre-funded warrants.
item 3.02item 9.01