Financing ·
Creative Medical Technology Holdings, Inc. entered into inducement letters with warrant holders to reduce the exercise…
CELZCreative Medical Technology Holdings, Inc.
Creative Medical Technology Holdings, Inc. entered into inducement letters with warrant holders to reduce the exercise price of 2,790,340 existing warrants from $2.86 to $1.60 per share, generating approximately $4.5 million in gross proceeds. In exchange, the company issued 5,580,680 new inducement warrants at an exercise price of $1.60 per share. The company plans to use the net proceeds for working capital and general corporate purposes. Creative Medical Technology is a medical technology company providing medical devices and services.