Financing · · GlobeNewswire
Raises ~$4.5M via warrant exercise, issues new warrants for 5.58M shares
CELZCreative Medical Technology Holdings, Inc.
Creative Medical Technology Holdings entered into agreements with existing warrant holders to immediately exercise outstanding warrants for up to 2,790,340 shares of common stock at a reduced price of $1.60 per share, generating approximately $4.5 million in gross proceeds. In exchange, the company issued new unregistered warrants exercisable for an aggregate of 5,580,680 shares at $1.60 per share, subject to shareholder approval and a five-year term. The net proceeds will be used for working capital and general corporate purposes. Creative Medical Technology Holdings is a biotechnology company focused on regenerative and immunotherapy-based treatments.