Mar. 25 at 3:18 PM
$CABR "Caring Brands raised
$3.6 million via a PIPE, issuing Series A preferred shares and warrants to an accredited investor with ownership limits, unlisted securities, a right of first refusal, and an option for up to
$4 million more at a discount.
The company will use most proceeds to repurchase 6.25 million insider shares, cutting outstanding common stock to about 8.5 million, while establishing 8% dividend-bearing Series A preferred that may dilute holders upon future conversion and warrant exercises."
https://www.tipranks.com/news/company-announcements/caring-brands-undertakes-private-placement-and-capital-restructuring
