Neighborhood Intelligence prices registered direct offering at $45.5 million
NXH•Neighborhood Intelligence set a registered direct offering of 16,485,508 shares or pre-funded warrants at $2.76 each, with expected gross proceeds of about $45.5 million. The deal includes warrants to buy up to 16,123,189 shares at $3.45 each.
1. Offering terms
Neighborhood Intelligence set the offering at $2.76 per share or pre-funded warrant, with closing targeted on or about Oct. 6, 2026. The warrants are exercisable in six months and expire five years later.
2. Use of proceeds
The company plans to use net proceeds to accelerate merger synergies, build inventory and support working capital. It also cut its at-the-market facility to about $75 million. Highbridge led the deal, and management participated, including Marcus Lemonis; the CEO will buy shares without warrants.
