other_material
confidence high
sentiment neutral
materiality 0.65
Aethlon Medical prices $4.5M public offering of common stock and warrants at $0.90/unit
AETHLON MEDICAL INC
- Gross proceeds of $4.5M; net to company ~$3.9M after placement agent fees and expenses.
- Offering includes 5M shares (or pre-funded warrants) and 5M warrants exercisable at $0.90 for 5 years.
- Maxim Group acted as exclusive placement agent; 6.25% cash fee ($281,250) and 200,000 warrants.
- Net proceeds to be used for working capital, clinical trial and R&D expenses.
- Officers and directors subject to 60-day lock-up; company has 90-day issuance standstill.
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