Oct. 8 at 11:13 PM
$BRTX entered into definitive agreements with several accredited and/or institutional investors for the sale of 678,125 shares of the Company’s common stock at an offering price of
$1.60 per share in a registered direct offering. The Company’s stock closed at
$1.50 per share on Oct-03, 2025. In a concurrent private placement offering, the Company also agreed to issue to the investors in the registered direct offering unregistered warrants to purchase up to an aggregate of 508,594 shares of the Company’s common stock (the “Unregistered Warrants”), representing 75% warrant coverage. The Unregistered Warrants will have an exercise price of
$2.75 per share and will be exercisable commencing six months from the date of issuance until the five year anniversary of the date of issuance. The gross proceeds of the offering will be
$1.085 million, before deducting placement agent fees and other estimated offering expenses. The closing of the offering is expected to take place on or about Oct-08.
