Catheter Precision Announces Exercise of Warrants For $4.9M Of Gross Proceeds; Entered Into A Definitive Agreement For The Immediate Exercise Of Certain Outstanding Warrants To Purchase Up To An Aggregate Of 5,347,981 Shares Of Stock At A Reduced Exercise Price Of $0.70
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Catheter Precision, Inc. (NYSE:VTAK) announced a definitive agreement for the immediate exercise of certain outstanding warrants, resulting in $4.9 million in gross proceeds. The company will issue new Series K warrants, pending shareholder approval.
October 25, 2024 | 12:36 pm
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Catheter Precision has secured $4.9 million through the exercise of outstanding warrants at a reduced price, and plans to issue new Series K warrants pending shareholder approval.
The exercise of warrants at a reduced price provides immediate capital, which is positive for the company's financial position. The issuance of new warrants could lead to future dilution, but the immediate capital influx is likely to have a positive short-term impact on the stock price.
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