other material
confidence high
sentiment neutral
materiality 0.70
Cavitation Technologies completes $1.5M secondary offering of 23.2M treasury shares at $0.065 each
Cavitation Technologies, Inc.
- Gross proceeds of ~$1.5M from sale of 23,184,615 treasury shares at $0.065 per share.
- Each share paired with a warrant to buy one share at $0.09, expiry 5 years from July 13, 2021.
- 23,184,615 warrants issued, creating potential for further dilution if exercised.
- Offering executed as an unregistered transaction closed on July 13, 2021.