other material
confidence high
sentiment neutral
materiality 0.65
TNF Pharma closes $7M private placement at 44% premium; closes LPU acquisition
Q/C TECHNOLOGIES, INC.
- Closed $7M private placement of 7,000 Series H preferred shares convertible to 1.4M common at $5.00/share, plus warrants for 1.4M shares at $5.00.
- Conversion/exercise limited pending stockholder approval; placement agents include Rodman & Renshaw, H.C. Wainwright, and GPN.
- Closed acquisition of LPU Holdings LLC, issuing Series I preferred stock convertible into 747,362 common shares.
- Extended maturity of Series F and F-1 preferred stock to March 2, 2027 and removed amortization payments.
- Common shares outstanding: 1,846,930 as of September 3, 2025; company plans to fund blockchain accelerator development.