InvestmentJun 25, 2026, 04:48 PM
Pulsenmore Raises $7.5M in Private Placement of Warrants
AI Summary
Pulsenmore Ltd. announced a private placement with a healthcare-focused institutional investor, raising approximately $7.5 million in gross proceeds. The company entered into a securities purchase agreement to issue pre-funded warrants and ordinary warrants, covering up to 1,562,500 ordinary shares. The combined purchase price was $4.7999 per pre-funded warrant and accompanying ordinary warrant. Pulsenmore intends to use the net proceeds for marketing, commercialization activities, working capital, and other general corporate purposes.
Key Highlights
- Pulsenmore raised approximately $7.5 million in gross proceeds.
- Issued pre-funded warrants and ordinary warrants to an institutional investor.
- Warrants cover up to 1,562,500 ordinary shares.
- Combined purchase price was $4.7999 per pre-funded warrant and accompanying ordinary warrant.
- Pre-funded warrants have an exercise price of $0.0001 per share.
- Ordinary warrants have an exercise price of $4.80 per share and expire in five years.
- Proceeds will fund marketing, commercialization, working capital, and general corporate purposes.
- A.G.P./Alliance Global Partners acted as the sole placement agent.
- Company agreed to file a registration statement for resale of shares underlying warrants.
Price Impact
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