- Ainos (OTCPK:AIMD) has priced its underwritten public offering of 780K units at a public offering price of $4.25/unit for expected gross proceeds of ~$3.3 million.
- Each unit issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $4.25.
- The common stock and warrants are immediately separable and will be issued separately.
- The common stock and warrants are expected to commence trading on the Nasdaq Capital Market on August 9, 2022, under the symbols "AIMD" and "AIMDW," respectively.
- In connection with the offering, the company has effectuated a reverse split of its issued and outstanding common stock at a ratio of 1-for-15.
- The reverse stock split became effective at on August 8, 2022.
- Underwriters green shoe options is for another 117K shares of common stock and/or up to an additional 117K warrants at the public offering price to cover over-allotments, if any.
- Offering is expected to close on August 11, 2022.