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Safe and Green Development Corporation Announces $9.0 Million Private Placement
Globenewswire· 2025-10-16 14:00
Core Points - Safe and Green Development Corporation (SGD) has entered into a securities purchase agreement for a PIPE financing, raising approximately $9.0 million before fees and expenses [1][2][3] Group 1: PIPE Financing Details - The company is selling 360,000 shares of Series B Non-Voting Convertible Preferred Stock at a conversion price of $1.36 per share, which can convert into 6,617,647 shares of common stock [2] - Each unit, consisting of a share of Preferred Stock and a warrant, is priced at $25.00, complying with Nasdaq's "Minimum Price" requirement [2] - The warrants are not exercisable until shareholder approval and will expire two and a half years after such approval [2][4] Group 2: Use of Proceeds - A portion of the net proceeds will be used to accelerate operational expansion at the Resource Group site in Myakka City, Florida, including purchasing additional processing equipment [5] - The company also plans to use proceeds for reducing debt obligations, strategic investments, acquisitions, and working capital to support revenue-generating operations [5] Group 3: Company Overview - Safe and Green Development Corporation focuses on real estate development and environmental solutions, primarily acquiring properties for green housing projects [7] - The company wholly owns Resource Group US Holdings LLC, which operates an 80+ acre organics processing facility in Florida, processing green waste and producing sustainable potting media [7]
Ovid Therapeutics Announces Pricing of Private Placement Totaling up to $175 Million in Gross Proceeds
Globenewswire· 2025-10-03 11:05
Core Viewpoint - Ovid Therapeutics Inc. has announced a private investment in public equity (PIPE) financing expected to generate gross proceeds of up to $175 million, with an initial closing of approximately $81 million to support its operating plan and clinical pipeline through 2028 [1][6]. Financing Details - The PIPE financing is anticipated to close around October 6, 2025, pending customary closing conditions [1]. - New investors participating in the PIPE include Janus Henderson Investors, RA Capital Management, and others, alongside existing investors [2]. - The company is selling 57,722 shares of Series B non-voting convertible preferred stock, Series A warrants for 38,481,325 shares of common stock, and Series B warrants for 28,861,000 shares of common stock [3]. Securities Structure - Each share of Series B Preferred Stock is convertible into 1,000 shares of common stock, subject to stockholder approval and ownership limitations [4]. - Series A and Series B Warrants have an exercise price of $1.40 per share and will be exercisable following stockholder approval [5]. Use of Proceeds - The net proceeds from the PIPE financing will be used for research and development, general corporate expenses, and working capital needs, with expectations to fund operations into 2028 [6]. Company Overview - Ovid Therapeutics is focused on developing small molecule medicines for brain conditions with significant unmet needs, advancing a pipeline that includes OV329 for treatment-resistant seizures and other compounds targeting CNS disorders [10].
Terra Innovatum and GSR III Acquisition Corp. Announce $37.5 Million Equity Financing in Connection with Business Combination
Globenewswire· 2025-09-25 12:00
Core Viewpoint - Terra Innovatum Srl has secured $37.5 million in financing for its business combination with GSR III Acquisition Corp, which is expected to facilitate its entry into public markets and support the commercialization of its SOLO™ micro-modular reactor technology [1][2]. Financing Details - The financing includes approximately $32 million from a private investment in public equity (PIPE) led by Segra Capital Management and $5.5 million from a funded bridge facility that will convert to common equity upon closing [1][5]. - The PIPE investment is viewed as a strong endorsement of Terra Innovatum's technology and commercialization strategy [2]. Business Combination - An extraordinary general meeting of GSR III Acquisition Corp shareholders is scheduled for October 7, 2025, to approve the business combination with Terra Innovatum [2][3]. - If approved, the combined company will operate under the name Terra Innovatum and its shares are expected to trade on Nasdaq under the ticker symbol "NKLR" [5]. SOLO™ Micro-Modular Reactor - Terra Innovatum aims to make nuclear power accessible through its SOLO™ micro-modular reactor, which is designed to provide scalable, affordable, and deployable energy solutions [6][7]. - The SOLO™ reactor is engineered to address global energy shortages and is expected to be available globally within the next three years [8][9]. - It offers versatile applications, including CO2-free power solutions for various sectors such as data centers, remote towns, and industrial operations [10]. Strategic Goals - The proceeds from the financing will be utilized to support the licensing and construction of the SOLO™ reactor, furthering the company's mission to create lasting value for shareholders and communities [2][8]. - The reactor is designed to adapt to evolving fuel options and aims to replace fossil fuel-based thermal plants with a minimal footprint [9][10].
Oruka Therapeutics Announces $180 Million Private Placement
Globenewswire· 2025-09-17 05:02
Core Viewpoint - Oruka Therapeutics has announced a PIPE financing agreement expected to generate approximately $180 million in gross proceeds to support its development of novel biologics for chronic skin diseases, particularly plaque psoriasis [1][3]. Financing Details - The PIPE financing involves the sale of 10,933,405 shares of common stock at $15.00 per share and pre-funded warrants for 1,066,666 shares at $14.999 each, with an exercise price of $0.001 per share [2]. - The transaction is anticipated to close around September 19, 2025, pending customary closing conditions [2]. Use of Proceeds - The net proceeds from the PIPE financing will be utilized for research and development, general corporate expenses, and working capital needs, with expectations that current cash will fund operations for at least one year following key clinical data readouts in 2027 [3]. Investor Participation - The PIPE financing was led by Viking Global Investors and included participation from various notable investors such as Affinity Healthcare Fund, Blackstone Multi-Asset Investing, and others [1][4]. Company Overview - Oruka Therapeutics focuses on developing biologics aimed at setting new treatment standards for chronic skin diseases, with a mission to provide significant relief to patients suffering from conditions like plaque psoriasis [7].
'I Encourage You to Exit': Bitcoin Treasury Nakamoto's Shares Plunge 50% After CEO Letter
Yahoo Finance· 2025-09-15 20:01
Core Insights - Kindly MD, a Bitcoin treasury company, is experiencing significant volatility, prompting CEO David Bailey to advise investors seeking short-term trades to exit [1] - The company recently submitted its S3 registration to the SEC, allowing shares from a $200 million PIPE deal to become freely tradable [1] - Following the registration, Kindly MD's shares dropped over 54%, reaching a low of $1.26, the lowest since February [2] Company Developments - Kindly MD completed its merger with Nakamoto Holdings, a Bitcoin-native holding company, making it a wholly owned subsidiary responsible for the Bitcoin financial services line [5] - Trading volume for Kindly MD has surged, with over 89 million shares traded, marking the highest volume since a rally in February [2][3] - The company has faced scrutiny regarding its stock price, as Nasdaq rules could impose warnings if shares close below $1 for 30 consecutive days [3]
Forward Industries Closes $1.65 Billion Private Placement in Cash and Stablecoin Commitments to Advance Solana Treasury Strategy
Businesswire· 2025-09-11 10:00
Core Viewpoint - Forward Industries, Inc. successfully closed a private investment in public equity (PIPE) financing, raising approximately $1.65 billion in gross proceeds before expenses [1] Group 1 - The PIPE financing was led by notable investors including Galaxy Digital, Jump Crypto, and Multicoin Capital [1] - The funds raised will be utilized by Forward Industries for unspecified purposes, indicating potential growth or strategic initiatives [1]
Solana Hits 7-Month High Price as Bitwise Exec Foresees 'Epic End-of-Year Run'
Yahoo Finance· 2025-09-10 17:37
Core Insights - Solana is experiencing a resurgence, with a price increase of over 4% in the last 24 hours, reaching $223, and a 25% rise over the past 30 days, making it the top gainer among the top 10 crypto assets by market cap [1][2] Group 1: Market Conditions - The current market conditions for Solana include significant inflows from exchange-traded products (ETPs) and strong corporate treasury purchases, which are seen as key drivers for potential returns [2] - Digital asset treasuries focused on Solana have accumulated over $400 million worth of SOL from publicly traded firms like Upexi and DeFi Development Corp. since the beginning of the year [3] Group 2: Future Prospects - Forward Industries announced a $1.65 billion private investment in public equity (PIPE) raise, which could lead to the establishment of the largest publicly traded SOL treasury if over 25% of the proceeds are allocated to Solana [4] - Approval decisions from the SEC regarding spot ETFs for Solana and other cryptocurrencies are anticipated, with analysts suggesting that Solana ETF approvals are likely in 2025 [5] - The relative size of Solana compared to Bitcoin and Ethereum means that inflows could have a more significant impact on its price, with a $1.6 billion purchase of Solana shares equating to $33 billion in Bitcoin purchases [6] Group 3: Market Sentiment - Predictors on Myriad Markets indicate a growing optimism for Solana, with a 57% chance of reaching a new all-time high by the end of the year, and a 23% shift in favor of achieving this milestone by 2025 [6]
Brag House Announces Closing of $15 Million Private Placement
Globenewswire· 2025-07-30 20:15
Core Points - Brag House Holdings, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be utilized for general corporate purposes, including working capital [2] - The company sold 15,000 shares of Series B Convertible Preferred Stock, which can be converted into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3] - Each unit sold consists of one share of Series B Convertible Preferred Stock and one warrant, priced at $1,000 per unit [3] - The warrants are immediately exercisable at an exercise price of $0.817 per share and will expire in five years [3] - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] - The securities offered have not been registered under the Securities Act and are available only to accredited investors [5] Company Overview - Brag House is a media technology gaming platform focused on transforming casual college gaming into a community-driven experience [7] - The platform integrates gaming, social interaction, and technology to create an engaging environment for casual gamers and brands targeting the Gen Z demographic [7] - Features include live-streaming capabilities, gamification, and custom tournament services to enhance user and brand engagement [7]
Nano Labs Invests in BNB Strategic Reserve Company CEA INDUSTRIES INC. to Further Strengthen BNB Reserve Strategy
Globenewswire· 2025-07-30 10:00
Core Viewpoint - Nano Labs Ltd has entered into a strategic equity investment agreement with CEA Industries Inc, focusing on building BNB reserves in the cryptocurrency space [1][6]. Investment Details - Nano Labs subscribed for 495,050 shares of Class A common stock of CEA Industries at a price of US$10.10 per share, along with 495,050 warrants with an exercise price of US$15.15 per share, potentially holding up to 990,100 shares if fully exercised [2]. - This investment is part of CEA Industries' ongoing US$500 million Private Investment in Public Equity (PIPE) financing plan, primarily aimed at acquiring BNB [3]. Strategic Initiatives - The investment marks a significant step in Nano Labs' strategy to build cryptocurrency reserves, enhancing its position across major public chain ecosystems [4]. - As of the announcement date, Nano Labs holds approximately 128,000 BNB in total, indicating its commitment to optimizing its crypto asset allocation [4][7]. Company Profiles - CEA Industries Inc focuses on building businesses in regulated consumer markets, particularly in the Canadian nicotine vape industry, and plans to adopt a BNB Treasury strategy post-PIPE closing [6]. - Nano Labs Ltd is a leading Web 3.0 infrastructure provider in China, developing high throughput computing and high performance computing chips, and has positioned itself in the digital assets space with BNB as its primary reserve asset [7].
UPDATE–Brag House Announces $15 Million Private Placement
Globenewswire· 2025-07-24 22:45
Core Points - Brag House Holdings, Inc. has entered into a securities purchase agreement with twelve accredited investors for a PIPE financing expected to yield approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be used for general corporate purposes, including working capital [2] Securities Details - The company is selling 15,000 shares of Series B Convertible Preferred Stock, convertible into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3] - The offering includes 15,923,567 warrants to acquire the same number of common stock shares, with an exercise price of $0.817 per share, expiring five years from issuance [3] Placement Agent - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] Regulatory Information - The securities offered have not been registered under the Securities Act and are only available to accredited investors [5] - The company plans to file registration statements with the SEC for the resale of unregistered shares [5] Company Overview - Brag House is a media technology platform focused on transforming college gaming into a community-driven experience, connecting brands with the Gen Z demographic through gamified experiences and live-streaming content [7]