other material
confidence high
sentiment neutral
materiality 0.65
Catheter Precision raises $4.9M gross via warrant repricing; issues new Series K warrants
Catheter Precision, Inc.
- Total gross proceeds of $4.9M, including $3.7M from warrant repricing and $1.185M from prior exercises.
- Exercise price reduced from $1.00/$30/$40 to $0.70 per share for Series E, F, G, H, I warrants.
- New Series K warrants issued for 200% of exercised shares, $0.70 exercise price, 5.5-year term, exercisable only after shareholder approval.
- Pro forma shares outstanding approximately 10.8 million after warrant exercises.
- Ladenburg Thalmann served as exclusive warrant inducement agent with an 8% cash fee.