2023-03-16 08:40:07 ET
- ThermoGenesis ( NASDAQ: THMO ) entered into definitive agreements for the purchase and sale of 1.07M shares and warrants at a purchase price of $2.80/share and associated warrant in a private placement.
- Warrants have an exercise price of $2.65/share, will be exercisable immediately on issuance and expire five and one-half years post the issuance.
- Gross proceeds are expected to be ~$3M; net proceeds will to be used for working capital and general corporate purposes..
- Offer is expected to close on or about Mar.20, 2023.
- Shares trading 12.4% higher premarket.
For further details see:
ThermoGenesis pops on $3M capital raise in stock offering