SRX Global raises USD 3.47 million in unregistered Series B preferred stock sale, issues warrants
SRXH•Additional private placement closing raises $3.47 million
SRX Global completed an additional private placement closing on July 27, 2026, raising about $3.47 million in cash.
The company issued 4,340 shares of Series B convertible preferred stock, alongside 284,156 warrants to buy common stock.
The financing stems from a March 16, 2026 securities purchase agreement for up to $8 million of Series B preferred stock plus warrants. The initial March 16, 2026 closing raised about $4.53 million, issuing 5,660 Series B preferred shares plus 22,237,666 warrants.
The warrant count reflects the 60-for-1 reverse stock split effective July 2, 2026. The securities were sold in an unregistered offering under Section 4(a)(2) or Rule 506.
