NetworkNewsBreaks – Jupiter Wellness Inc. (NASDA
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Posted On: 01/24/2023 4:40:22 PM
NetworkNewsBreaks – Jupiter Wellness Inc. (NASDAQ: JUPW) Closes on $4.1M Direct, Private Placement Offerings
Jupiter Wellness (NASDAQ: JUPW), a wellness company focused on hair, skin and sexual wellness, has closed on its previously announced registered direct offering and concurrent private placement. The offering includes the purchase and sale of 4,315,787 shares in a registered direct offering, with the concurrent private placement calling for JUPW to issue and sell a total of 8,631,574 warrants to the same investors. The warrants are to purchase up to one share of common stock each at an exercise price of $1 per share. According to the announcement, the private placement warrants will be exercisable six months after issuance. The announcement also noted that 4,315,787 warrants have a three-year term beginning from the initial exercise date with 4,315,787 warrants having a five-year term from the initial exercise date. The company noted that the purchase price of one share, one three-year warrant and one five-year warrant was $0.95. Jupiter Wellness received approximately $4.1 million aggregate gross proceeds from both transactions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Jupiter Wellness (NASDAQ: JUPW), a wellness company focused on hair, skin and sexual wellness, has closed on its previously announced registered direct offering and concurrent private placement. The offering includes the purchase and sale of 4,315,787 shares in a registered direct offering, with the concurrent private placement calling for JUPW to issue and sell a total of 8,631,574 warrants to the same investors. The warrants are to purchase up to one share of common stock each at an exercise price of $1 per share. According to the announcement, the private placement warrants will be exercisable six months after issuance. The announcement also noted that 4,315,787 warrants have a three-year term beginning from the initial exercise date with 4,315,787 warrants having a five-year term from the initial exercise date. The company noted that the purchase price of one share, one three-year warrant and one five-year warrant was $0.95. Jupiter Wellness received approximately $4.1 million aggregate gross proceeds from both transactions.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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