InvestmentJun 11, 2026, 06:06 AM
PetVivo Holdings Raises $150K, Total Equity Financing Reaches $1.15M
AI Summary
PetVivo Holdings, Inc. announced it received $150,000 from a partial exercise of an investor's purchase option, bringing the total equity financing to $1,150,000. In connection with this, the company issued 187,500 Units at $0.80 per Unit, with each Unit comprising one common stock share and one warrant. The investor retains an option to purchase an additional $1,350,000 in Units through July 15, 2026, with proceeds intended for product commercialization and development.
Key Highlights
- PetVivo Holdings received $150,000 from a partial exercise of an investor's purchase option on June 8, 2026.
- The total equity financing raised to date under the Subscription Agreement is $1,150,000.
- The company issued 187,500 Units at $0.80 per Unit in connection with the latest proceeds.
- Each Unit consists of one common stock share and one warrant to purchase a share at $1.10, expiring in 3 years.
- A total of 1,437,500 Units have been issued to date under the offering.
- The investor retains an option to purchase up to an additional $1,350,000 (1,687,500 Units) through July 15, 2026.
- Proceeds will be used for commercialization of Spryng\u2122, new product development, and working capital.
Price Impact
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