other material
confidence high
sentiment neutral
materiality 0.65
Odyssey Health closes initial $1.0M private placement of 4.3M units at $0.35
Odyssey Health, Inc.
- First closing on April 14, 2022, issued 4,306,200 units at $0.35 each; each unit equals one share and one-half warrant.
- Gross proceeds of $1,004,780; net proceeds of $849,302 after offering expenses.
- Investor warrants have 5-year term, exercise price of $0.70 per share, eligible for cashless exercise.
- Private placement has minimum of $999,999.70 and maximum of $4,999,999.90; remaining closings possible.
- Company must file resale registration statement within 60 days of final closing or pay liquidated damages.