Aikido Pharma Inc AIKI:NASDAQ

Last Price$5.99NASDAQ Closing Price as of 4:00PM ET 7/01/22

Today's Change+0.09(1.53%)
Bid (Size)$5.82 (20)
Ask (Size)$5.99 (18)
Day Low / High$5.83 - 6.09
Volume106.2 K

AIkido Pharma Closes $22 Million Registered Direct Offering

3:11AM ET 3/03/2022 MT Newswires
AIkido Pharma Inc. closed its previously announced registered direct offering with certain institutional investors of 11,000 shares of Series O and 11,000 shares of Series P redeemable convertible preferred stock.

Each share of Series O and Series P preferred stock has a purchase price of $952.38, and is convertible into shares of AIkido's common stock at an initial conversion price of $1.00 per share.

The company said Wednesday that it expects total net proceeds from the offerings to be approximately $20.9 million, which it plans to use for working capital and general corporate purposes.

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

Price: 0.42, Change: +0.01, Percent Change: +1.69