other material
confidence high
sentiment neutral
materiality 0.65
Renovaro closes $10M private placement of common stock and warrants at $1.4726/unit
Lunai Bioworks Inc.
- Sold 6,421,256 units (1 share + 1/10 warrant) at $1.4726 each, raising ~$9.45M in cash and debt conversions.
- Cash proceeds of $5.8M from one investor; $478k cash plus $3.19M note conversion from second; $66k cash plus $468k note from third.
- Warrants exercisable at $1.4726 per share for 5 years, representing 10% dilution on exercised shares.
- Net proceeds allocated for general corporate purposes.
- CEO comments on potential future grants, loans, subsidies from US and European institutions.