Corporate ActionJun 30, 2026, 02:09 PM
Creative Medical Tech Raises $4.5M via Warrant Exercise
AI Summary
Creative Medical Technology Holdings, Inc. announced agreements with certain warrant holders for the immediate exercise of existing warrants, generating approximately $4.5 million in gross proceeds. In consideration, the company will issue new unregistered warrants for up to 5,580,680 shares, exercisable at $1.60 per share, subject to shareholder approval. The net proceeds from this transaction are intended for working capital and general corporate purposes.
Key Highlights
- Raised approximately $4.5 million gross from immediate warrant exercise.
- Existing warrants for 2,790,340 shares exercised at $1.60 per share.
- Issued new unregistered warrants for up to 5,580,680 shares.
- New warrants exercisable at $1.60 per share for five years, pending shareholder approval.
- Proceeds to be used for working capital and general corporate purposes.
- Transaction expected to close on June 30, 2026.
Price Impact
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