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Stock impact report

bioAffinity Technologies Announces Closing of $2.5 Million Registered Direct Offering and Concurrent Private Placement [Yahoo! Finance]

bioAffinity Technologies, Inc. (BIAF) 
Company Research Source: Yahoo! Finance
agreement with institutional investors for the purchase and sale of 1,600,000 shares of common stock in a registered direct offering and common warrants to purchase up to 1,600,000 shares of common stock in a concurrent private placement (together with the registered direct offering) at a combined purchase price of $1.5625 per common share. The common warrants issued pursuant to the concurrent private placement will have an exercise price of $1.64 per share, are initially exercisable on the date that shareholder approval of the exercise of the warrants is obtained and will expire five years from the date of such approval. The gross proceeds to the Company from the offering are expected to be approximately $2.5 million, before deducting underwriter fees and other offering expenses payable by the Company. The company intends to use the net proceeds from the offering for working capital and general corporate purposes. WallachBeth Capital is acting as sole placement agent for the Offe Show less Read more
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