OpenWorld prices $3.5 million registered direct offering
OPNW•OpenWorld priced a registered direct offering targeting approximately $3.5 million in gross proceeds. It includes 2,517,985 common shares or pre-funded warrants, plus Series A and Series B warrants, at a combined price of $1.39.
1. Offering details
The offering is with a single institutional investor and comprises 2,517,985 common shares or pre-funded warrants, together with Series A and Series B warrants, priced together at $1.39. The Series A warrants cover 2,517,985 shares at a $1.53 exercise price and expire five years after shareholder approval. The Series B warrants cover the same number of shares at a $1.39 exercise price and expire 18 months after shareholder approval, with conditional call provisions.
2. Expected use of proceeds
Closing is expected on October 30, 2026. OpenWorld plans to use the proceeds for real-world asset growth initiatives, working capital and general corporate purposes.
