Neighborhood Intelligence to issue warrants for up to 16,123,189 shares in registered direct offering
NXH•Neighborhood Intelligence priced warrants for up to 16,123,189 shares alongside a $45.5 million registered direct equity financing. The warrants have a $3.45 exercise price and could generate about $56.25 million if fully exercised for cash, though exercise is not assured.
1. Warrant terms
The warrants become exercisable six months after issuance and expire five years after their first exercise. Neighborhood Intelligence said there is no assurance the warrants will be exercised.
