Warrant Inducement
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Sphere 3D Announces a Warrant Inducement Transaction for $4.0 Million in Gross Proceeds
Newsfile· 2025-10-17 12:00
Core Viewpoint - Sphere 3D Corp. has announced a warrant inducement transaction that will generate approximately $4.0 million in gross proceeds through the immediate exercise of existing warrants at a reduced price [1][2]. Group 1: Transaction Details - The company entered into a warrant inducement agreement with an institutional investor for the immediate exercise of existing warrants to purchase up to 4,368,211 shares of common stock at a reduced exercise price of $0.94 [1]. - The investor will receive new unregistered warrants to purchase up to 8,736,422 shares of common stock, also at an exercise price of $0.94, which will be exercisable upon stockholder approval [2]. - The closing of the transaction is expected to occur on or about October 17, 2025, subject to customary closing conditions [2]. Group 2: Financial Advisor and Compliance - A.G.P./Alliance Global Partners acted as the exclusive financial advisor for the transaction [3]. - The new warrants were offered in a private placement and have not been registered under the Securities Act, being available only to accredited investors [4].
WallachBeth Capital Announces Healthcare Triangle Warrant Inducement For Aggregate Gross Proceeds Of $478,000
Prnewswire· 2025-10-08 21:06
Core Points - Healthcare Triangle, Inc. (HCTI) has entered into warrant exercise agreements with accredited and institutional investors to exercise existing warrants for a total of 239,051 shares of common stock, generating approximately $478,000 in gross cash proceeds [1][2] - The existing warrants' exercise price has been reduced from $20.92 to $2.00 per share, and the new warrants will have an exercise price of $3.00 per share, with a five-year expiration from the date of issuance [1][2] Financial Details - The gross proceeds from the warrant inducement are expected to be around $478,000, excluding any potential proceeds from the exercise of the new warrants and before deducting financial advisor fees and other expenses [2] - The closing of the offering is anticipated to occur on or about October 8, 2025, subject to customary closing conditions [2]
Univest Securities, LLC Announces Closing of $1.67 Million Warrant Inducement for its Client PMGC Holdings Inc. (NASDAQ: ELAB)
GlobeNewswire News Room· 2025-08-25 21:00
Core Viewpoint - Univest Securities, LLC has completed a warrant inducement agreement with institutional investors for PMGC Holdings Inc., facilitating the exercise of outstanding warrants and the issuance of new warrants [1][2][4]. Group 1: Warrant Inducement Agreement - Investors have agreed to exercise outstanding warrants to purchase a total of 827,900 shares of PMGC's common stock at an amended exercise price of $2.015, generating approximately $1.67 million in gross proceeds [2]. - PMGC will issue unregistered new warrants to purchase an additional 827,900 shares at an exercise price of $1.89 per share, which will be exercisable upon shareholder approval and will expire five years from that date [3]. Group 2: Regulatory Compliance - PMGC is required to file a registration statement with the SEC within 30 days to cover the resale of shares issuable upon the exercise of the new warrants [4]. Group 3: Company Background - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions and investments across various industries [7]. - Univest Securities, LLC has raised over $1.3 billion in capital for issuers globally since 2019 and has completed around 100 transactions in various sectors, including technology and life sciences [6].
PMGC Holdings Inc. Announces $1.67 Million in Gross Proceeds from Warrant Inducement with Institutional Investors Priced At-The Market Under Nasdaq Rules
Globenewswire· 2025-08-22 17:48
Core Points - PMGC Holdings Inc. has entered into a warrant inducement agreement with existing institutional investors for the exercise of certain outstanding warrants issued on January 27, 2025 [1] - Investors will exercise warrants to purchase a total of 827,900 shares of common stock at an amended exercise price of $2.015, generating gross proceeds of approximately $1.67 million [1][2] - The closing of the warrant inducement transactions is expected around August 25, 2025, pending customary closing conditions [2] - In exchange for the warrant exercise, the company will issue new unregistered warrants for an additional 827,900 shares at an exercise price of $1.89 per share [3] - The company plans to file a registration statement with the SEC within 30 days to cover the resale of shares from the new warrants [3] Company Overview - PMGC Holdings Inc. is a diversified holding company focused on managing and growing its portfolio through strategic acquisitions, investments, and development across various industries [5]