GeoVax Labs secures immediate exercise of 5,697,628 stock warrants at USD 0.64
GOVX•Timing and closing
Closing is targeted around Aug. 27, 2026, subject to customary conditions.
Warrant inducement deal boosts cash
GeoVax entered a warrant inducement deal for the immediate exercise of existing warrants for 5,697,628 shares at USD 0.64.
Gross proceeds are expected to be about USD 3.65 million, with net funds earmarked for working capital and general corporate purposes.
New warrants issued in private placement
Investors will receive new unregistered warrants for 11,395,256 shares at USD 0.64 in a private placement.
The new warrants become exercisable upon shareholder approval, and will expire five years from the approval date.
