other material
confidence high
sentiment neutral
materiality 0.75
ENDRA Life Sciences prices $8M public offering of common stock and warrants
ENDRA Life Sciences Inc.
- Gross proceeds ~$8M; offering closed June 5, 2024 with Craig-Hallum as placement agent.
- 61.5M units sold at $0.13 each (or pre-funded at $0.1299), each with Series A and B warrants.
- Series A and B warrants exercisable at $0.22; Series B includes alternate cashless exercise at $0.001 for 3 shares.
- Warrants require stockholder approval and charter amendment; lock-up of 90 days for company/insiders.
- Net proceeds to be used for working capital and general corporate purposes.