InvestmentJul 10, 2026, 04:07 PM
Cyabra Prices $6M Private Placement with New & Existing Investors
AI Summary
Cyabra, Inc. announced the pricing and closing of a private placement, raising approximately $6 million in gross proceeds. The offering included common stock, pre-funded warrants, and Series A and B warrants, with participation from new and existing institutional investors, management, and board members. Concurrently, the company agreed to convert all outstanding preferred shares and exchange Series C preferred stock, subject to stockholder approval, aiming to adjust its capital structure. The net proceeds are intended for working capital and general corporate purposes.
Key Highlights
- Gross proceeds from the private placement were approximately $6 million.
- Offering included 1,175,090 shares of common stock and warrants for 27,637,540 shares.
- Purchase price was $0.435 per share and $0.4349 per pre-funded warrant.
- Series A Warrants exercise price is $0.50, Series B Warrants exercise price is $0.45.
- All outstanding preferred shares to convert into 35,648,276 common shares at $0.435.
- Series C Preferred Stock exchanged for securities in the private placement.
- Placement agent, A.G.P./Alliance Global Partners, to receive 7.0% cash fee.
- Net proceeds will be used for working capital and general corporate purposes.
Price Impact
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