other material
confidence high
sentiment negative
materiality 0.70
CNS Pharmaceuticals prices $3M registered direct offering of common stock and pre-funded warrants at $0.17/share
CNS Pharmaceuticals, Inc.
- Gross proceeds ~$3M from sale of 3.7M common shares and pre-funded warrants for 13.9M shares at $0.17/share.
- A.G.P./Alliance Global Partners acting as sole placement agent; receives 6.5% fee plus up to $90k expenses.
- Closing expected Oct 24, 2024; proceeds for working capital and general corporate purposes.
- After partial exercise of pre-funded warrants, company now has 49,574,933 shares outstanding.