other material
confidence high
sentiment neutral
materiality 0.50
Know Labs raises $3.445M in underwritten public offering of 13.25M units at $0.26/unit
USBC, Inc.
- Offering of 13,250,000 units, each consisting of one share of common stock and one warrant (exercise price $0.26).
- Gross proceeds of $3.445M; underwriters' over-allotment partially exercised for 1,987,500 warrants.
- Net proceeds to fund product development, clinical studies, IP, and working capital.
- Offering closed on August 9, 2024; Benchmark and Boustead acted as joint book-runners.
- Warrants exercisable at $0.26 per share; Representative options granted at same price.