Daré Bioscience Announces Pricing of $6.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Daré Bioscience priced a $6.0 million registered direct offering, selling 4,379,581 shares of common stock at a price of $1.37 per share at-the-market under Nasdaq rules. Investors also received Series A and Series B warrants in a private placement, each covering up to 4,379,581 shares with an exercise price of $1.37, subject to stockholder approval.
Key figures
- Deal Value Usd
- 6000000
- Offering Price
- 1.37
- Shares Offered
- 4379581
- Series a warrant term
- 5 years
- Series b warrant term
- 2 years
- Warrant exercise price
- 1.37
- Prefunded warrant price
- 1.3699
- Series a warrants shares
- 4379581
- Series b warrants shares
- 4379581
- Prefunded warrant exercise price
- 0.0001
AI analysis
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