Helius Medical Technologies, Inc. Announces Exercise of Warrants and Issuance of New Warrants in a Private Placement for $3.7 Million Gross Proceeds Priced At-the-Market
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Helius Medical Technologies, Inc. announced the exercise of existing warrants and issuance of new warrants in a private placement, raising approximately $3.7 million in gross proceeds. The new warrants are subject to stockholder approval.
January 22, 2025 | 1:15 am
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Helius Medical Technologies has raised $3.7 million through the exercise of existing warrants and issuance of new warrants. The new warrants are subject to stockholder approval.
The exercise of warrants and issuance of new ones provide Helius with additional capital, which is generally positive for the company's financial position. The requirement for stockholder approval introduces some uncertainty, but the immediate capital raise is likely to be viewed favorably by investors.
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