other material
confidence high
sentiment neutral
materiality 0.60
Aethlon Medical raises $4.0M in follow-on offering priced at $0.71/unit
AETHLON MEDICAL INC
- Gross proceeds of ~$4.0M from sale of common stock, pre-funded warrants, and warrants; net proceeds ~$3.335M.
- Offering includes 5.63M common warrants exercisable at $0.71 per share, subject to stockholder approval.
- Maxim Group acted as sole placement agent; received 6.25% cash fee and 225,320 placement agent warrants.
- Proceeds to be used for working capital, R&D, clinical trials, and potential acquisitions.
- Lock-up agreements for officers and directors for 90 days; company restricted from issuing securities for 90 days.