Applied UV Announces Closing of $6.4 Million Upsized Underwritten Public Offering
Applied UV, Inc. (AUVI)
Company Research
Source: GlobeNewswire
MOUNT VERNON, NY, Nov. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Applied UV, Inc. (Nasdaq: AUVI; AUVIP) (“Applied UV” or the “Company”), a global leading provider of advanced food security and air and surface disinfection technology, today announced the closing of a underwritten public offering with gross proceeds to the Company of approximately $6.4 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $6.0 million. The base offering consisted of 42,666,666 units or pre-funded units (the “Units”), each Unit consisting of one share of common stock (“Common Stock”) or one pre-funded warrant (“Pre-Funded Warrant”) to purchase one share of Common Stock in lieu thereof, one-tenth (1/10) of a Series A warrant (“Series A Warrant”) to purchase one share of Common Stock at an exercise price of $1.50 per share and one-tenth (1/10) of a Series B Warrant to purchase one share of Common Stock at an exercise pric
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