Creative Medical Technology Holdings Announces Agreements for Exercise of Warrants for $4.5 Million Gross Proceeds
Creative Medical Technology Holdings entered into agreements for the immediate exercise of 2.79 million existing warrants at a reduced price of $1.60 per share, expected to generate $4.5 million in gross proceeds. In exchange, the company will issue 5.58 million new unregistered warrants exercisable at $1.60 for a term of five years, subject to shareholder approval.
Key figures
- Deal Value Usd
- $4.5 million
- Offering Price
- 1.6
- Shares Offered
- 2790340
- New warrants shares
- 5580680
- New warrants term years
- 5
- New warrants exercise price
- 1.6
AI analysis
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