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Creative Medical Technology Holdings Announces Agreements for Exercise of Warrants for $4.2 Million Gross Proceeds
Globenewswireยท 2025-10-29 13:00
Core Points - Creative Medical Technology Holdings, Inc. has entered into agreements for the immediate exercise of existing warrants to purchase up to 1,116,136 shares of common stock at an exercise price of $3.75 per share, expected to generate approximately $4.2 million in gross proceeds [1][4] - The company will issue new unregistered warrants for an aggregate of up to 2,790,340 shares at the same exercise price, with potential adjustments based on the lowest VWAP during a specified period [3] - The transaction is anticipated to close on or about October 29, 2025, subject to customary closing conditions, with proceeds intended for working capital and general corporate purposes [4] Financial Advisory - Roth Capital Partners is acting as the financial advisor for this transaction [2] Regulatory Compliance - The new warrants were offered in a private placement and have not been registered under the Securities Act of 1933, with the company agreeing to file a registration statement with the SEC for the resale of shares [5]