VivoSim Labs prices USD 4 million private placement at USD 0.85 per share
VivoSim Labs Inc
VivoSim Labs Inc VIVS | 0.00 |
- VivoSim priced a $4 million private placement with a single healthcare-focused institutional investor at $0.85 per share and warrant.
- Deal covers 4,705,883 common shares or equivalents, warrants for up to 4,705,883 shares at a $0.85 exercise price.
- Warrants become exercisable after shareholder approval, expire five years from the initial exercise date.
- 520,833 May 2024 warrants will be repriced to $0.85 from $9.60, subject to shareholder approval, with a five-year term.
- Closing expected around July 17, 2026; proceeds earmarked for working capital and general corporate purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VivoSim Labs Inc. published the original content used to generate this news brief on July 16, 2026, and is solely responsible for the information contained therein.
