Financing ·
Raises $42.6M in registered direct offering of common stock and warrants at $2.76 per share
BBBYNeighborhood Intelligence, Inc.
Neighborhood Intelligence, Inc. closed a registered direct offering on October 6, 2026, issuing 10,881,192 shares of common stock and pre-funded warrants for 5,241,997 additional shares, along with common warrants to purchase up to 16,123,189 shares. The securities were sold at $2.76 per share (plus $0.001 exercise price for pre-funded warrants), generating approximately $42.6 million in net proceeds after fees and expenses. Concurrently, the company amended its ATM program to reduce the maximum aggregate offering price from $200 million to $75 million. CEO Marcus Lemonis also purchased 362,319 shares at the same offering price. The company intends to use the proceeds to accelerate merger synergies and build inventory. Neighborhood Intelligence operates in the technology sector, providing AI-driven intelligence solutions.