other material
confidence high
sentiment neutral
materiality 0.40
Catheter Precision waives beneficial ownership limit for insider warrant holder; 235,000 shares issued for $23.50
Catheter Precision, Inc.
- Waiver granted to Jenkins Family Charitable Institute (trustee is CEO's daughter) to exercise 235,000 pre-funded warrants fully.
- Prior 9.99% beneficial ownership cap removed; Institute now holds 6.32% of common stock post-exercise.
- Aggregate exercise price paid: $23.50 ($0.0001 per share).
- Waiver approved in advance by Company's Board Audit Committee due to related-party nature.
- Warrants originally issued in September 2024 underwritten public offering.