VivoSim prices $0.85 warrants in $4 million private placement
VIVS•Registration statement
The company said it will file an SEC registration statement covering resale of shares, including shares underlying the common warrants.
Private placement terms
VivoSim priced a $4 million private placement with warrants to buy 4,705,883 shares at USD 0.85 per share.
Exercise and amendment details
Warrants become exercisable immediately upon shareholder approval and expire five years from the initial exercise date.
May 2024 warrants for 520,833 shares are to be amended to cut the exercise price to USD 0.85, subject to shareholder approval.
