Corporate ActionJun 8, 2026, 06:06 AM
AVITA Medical Issues Warrant for 500,000 Shares to Perceptive
AI Summary
AVITA Medical, Inc. issued a warrant certificate to Perceptive Credit Holdings V, LP on June 5, 2026, following stockholder approval at its Annual Meeting on June 3, 2026. This warrant allows Perceptive to purchase up to an initial 500,000 shares of the company's common stock at an exercise price of $3.4019 per share. The warrant is part of a previously disclosed $60 million senior secured credit facility agreement, with an additional 150,000 shares vesting if the company draws an optional $10 million commitment.
Key Highlights
- AVITA Medical issued a warrant to Perceptive Credit Holdings V, LP on June 5, 2026.
- The warrant allows purchase of up to an initial 500,000 shares of common stock.
- The exercise price for the shares is $3.4019 per share.
- Stockholders approved the warrant issuance at the Annual Meeting on June 3, 2026.
- An additional 150,000 shares will vest if the $10 million optional credit facility is drawn.
- The warrant is linked to a $60 million senior secured credit facility.
Price Impact
More from RCEL