other material
confidence high
sentiment neutral
materiality 0.60
CNS Pharmaceuticals prices $1.37M registered direct offering and private placement
CNS Pharmaceuticals, Inc.
- Offering of 366,000 shares (or pre-funded warrants) at $3.75/share, with common warrants exercisable at $3.62.
- Gross proceeds expected $1.37M; net proceeds for working capital and general corporate purposes.
- Closing expected on or about June 17, 2024, subject to customary closing conditions.
- Warrants expire 5 years from issuance; cashless exercise if no effective registration statement.