Creative Medical announces agreements for exercise of warrants

Creative Medical Technology (CELZ) has entered into agreements with certain holders of its existing warrants for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 837,104 shares of common stock of the Company originally issued in October 2024 at their current exercise price of $4.42 per share. The shares of common stock issuable upon exercise of the existing warrants are registered pursuant to an effective registration statement on Form S-1. The aggregate gross proceeds from the exercise of the existing warrants is expected to total approximately $3.7M, before deducting financial advisory fees. Roth Capital Partners is acting as the Company’s financial advisor for this transaction. In consideration for the immediate exercise of the existing warrants for cash, the Company will issue new unregistered warrants to purchase shares of common stock. The new warrants will be exercisable for an aggregate of up to 1,674,208 shares of common stock, at an exercise price of $3.75 per share and will be exercisable for a period of five years following shareholder approval of the exercise of the warrants . The transaction is expected to close on or about March 6, 2025, subject to satisfaction of customary closing conditions. The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.