other material
confidence high
sentiment neutral
materiality 0.70
Aethlon Medical prices $4.7M public offering of common stock and warrants at $0.58 per unit
AETHLON MEDICAL INC
- Gross proceeds ~$4.7M; net proceeds ~$3.84M after placement agent fees and expenses.
- Offering consists of 8.1M shares (or pre-funded warrants) plus Class A and B warrants to buy 8.1M shares each, all at $0.58 per unit.
- Class A warrants expire in 5 years, Class B in 1 year; pre-funded warrants exercisable at $0.001 per share.
- Maxim Group LLC acted as exclusive placement agent with 6.5% cash fee plus $100K expense reimbursement.
- Net proceeds to fund clinical trials, R&D, capex, and working capital.