Steakholder Foods Ltd. Announces Up To $10.5 Million Private Placement
Steakholder Foods entered into a definitive agreement for a private placement of 1.75 million ADSs at $2.00 per share, expected to generate $3.5 million in upfront gross proceeds. The offering includes Series E and Series F warrants for an additional 3.5 million ADSs, which could provide approximately $7 million in additional capital if fully exercised. Net proceeds are intended for R&D, business growth, and working capital, with H.C. Wainwright & Co.
Key figures
- Deal Value Usd
- up to $10.5 million
- Offering Price
- 2
- Shares Offered
- 1750000
- Upfront proceeds
- 3500000
- Series e warrants
- 1750000
- Series f warrants
- 1750000
- Warrant exercise price
- 2
- Potential warrant proceeds
- 7000000
AI analysis
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