GeoVax Labs (GOVX) has shared an announcement.
GeoVax Labs, Inc. embarked on a financial venture on July 11, 2024, where it sold shares and pre-funded warrants through a direct offering, and also offered common warrants in a private placement. The proceeds from the offer, which closed on July 12, 2024, are earmarked for working capital and general corporate purposes. The company made a commitment not to issue more shares or engage in certain types of transactions for specific periods post-offering, to maintain the stability of the stock. Additionally, the company is required to register the shares underlying the warrants, fulfilling legal protocols and compensating the placement agent involved in the transaction.
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