InvestmentAug 11, 2026, 04:43 PM
Femasys Raises $30.0M in Private Placement
AI Summary
Femasys Inc. completed a private placement on August 10, 2026, raising approximately $30.0 million in gross proceeds. The company issued 5,013,559 shares of common stock, pre-funded warrants for up to 4,361,440 shares, and accompanying common and milestone warrants for an aggregate of 18,749,998 shares. Five company insiders participated, purchasing approximately $134,000 worth of securities. The agreement also grants the lead investor, Nantahala Capital Management, LLC, the right to appoint up to two individuals to the Board of Directors.
Key Highlights
- Raised approximately $30.0 million in gross proceeds from the private placement.
- Issued 5,013,559 shares of common stock and pre-funded warrants for up to 4,361,440 shares.
- Issued 18,749,998 accompanying common and milestone warrants.
- Purchase price was $3.20 per common share and $3.1999 per pre-funded warrant.
- Common and milestone warrants are exercisable at $2.95 per share.
- Five company insiders participated, investing approximately $134,000.
- Lead investor, Nantahala Capital Management, LLC, gains board representation rights.
- Company agreed to file a resale registration statement for the issued securities.
Price Impact
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