GeoVax Labs (GOVX) has shared an announcement.
GeoVax Labs, Inc. has successfully completed a registered direct offering, selling over 1.3 million shares and pre-funded warrants, alongside a concurrent private placement of common warrants. The offering was priced at $5 per share, with net proceeds amounting to approximately $7.85 million to be used for general corporate purposes. The company has also agreed to a 15-day lock-up period post-offering and a six-month ban on certain variable rate transactions, ensuring stability for investors. This strategic financial move aims to bolster GeoVax’s working capital and drive future growth.
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