Basel Medical Group closes registered direct offering, raises $7.98 million
BMGL•Basel Medical Group closed an offering of 6 million units at $1.33 each, generating $7.98 million in gross proceeds and about $7.28 million in estimated net proceeds.
1. Offering details
Each unit included one ordinary share and one common warrant; no pre-funded warrants were issued. The warrants are immediately exercisable at 110% of the unit price and expire five years from issuance. Shares outstanding rose to 7,582,111 from 1,582,111, with 6 million common warrants outstanding.
