Pulsenmore Secures $7.5M Private Placement for 1.56M Shares and Warrants
PLSM•Pulsenmore priced a $7.5 million private placement of 1,562,500 ordinary shares and accompanying warrants at $4.80 per share (or $4.7999 per pre-funded warrant) to a healthcare-focused institutional investor. Net proceeds will support U.S. commercialization, marketing, working capital and broader market penetration efforts.
1. Private Placement Details
Pulsenmore entered into a securities purchase agreement with a healthcare-focused institutional investor for the sale of 1,562,500 ordinary shares (or pre-funded warrants) paired with warrants at a combined purchase price of $4.80 per share (or $4.7999 per pre-funded warrant), generating gross proceeds of approximately $7.5 million before commissions and expenses.
2. Warrant Structure
The ordinary warrants carry an exercise price of $4.80 per share, are exercisable immediately upon issuance and expire five years after issuance, while the pre-funded warrants have a $0.0001 exercise price and remain exercisable until fully exercised.
3. Use of Proceeds and Growth Strategy
Pulsenmore intends to deploy net proceeds toward marketing and commercialization activities, working capital and general corporate purposes, with an emphasis on expanding its U.S. commercial footprint, increasing market penetration and executing strategic initiatives to drive long-term growth.
