2020-10-21 16:36:14 HSDT Helius Medical
10/21/20 10/2116:36 10/21/2016:36 | Helius Medical announces $3.4M private placementHelius Medical announced that it has entered into a securities purchase agreement for a private placement with a select group of accredited investors. The private placement will consist of an aggregate of 6,664,022 shares of the company's Class A Common Stock, or common stock, and warrants to purchase an aggregate of 3,332,013 shares of common stock, at a purchase price of 52c per unit, consisting of one share of common stock and a warrant to purchase 0.50 shares of common stock, resulting in total gross proceeds of approximately $3.4M. The warrants have an exercise price of $0.452 per share of common stock and will be exercisable for a period of three years from the date of issuance. The private placement is expected to close on or about October 23, 2020 and is subject to the satisfaction of customary closing conditions, including conditional approval of the Toronto Stock Exchange. Helius intends to use the net proceeds from the offering for funding operations, working capital and general corporate purposes. |
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