Corporate ActionJun 1, 2026, 04:58 PM
Steakholder Foods Raises $1.1M from Warrant Exercise, Issues New Warrants
AI Summary
Steakholder Foods Ltd. announced it entered into inducement offer letter agreements with certain warrant holders to exercise existing warrants for 892,854 ADSs at a reduced price of $1.25 per ADS, generating approximately $1.1 million in gross proceeds. In consideration, the company will issue two new series of warrants (Series C and Series D) to purchase an aggregate of 1,785,708 ADSs at an exercise price of $1.25 per ADS. The net proceeds will be used for working capital, business growth, security repurchases, and general corporate purposes.
Key Highlights
- Exercised existing warrants for 892,854 ADSs at a reduced price of $1.25 per ADS.
- Expected gross proceeds of approximately $1.1 million from the warrant exercise.
- Issued new Series C warrants for 595,236 ADSs and Series D warrants for 1,190,472 ADSs.
- New warrants have an exercise price of $1.25 per ADS, with potential $2.2 million gross proceeds if fully exercised.
- Engaged H.C. Wainwright & Co. as exclusive placement agent, paying a 7.5% cash fee.
- Issued Placement Agent Warrants for 62,500 ADSs at an exercise price of $1.5625.
- Proceeds to be used for working capital, business growth, security repurchases, and general corporate purposes.
Price Impact
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