Entering text into the input field will update the search result below

Spherix down 40.3% after announcing stock/warrant offering

Jul. 16, 2015 9:53 AM ETDominari Holdings Inc. (DOMH) StockDOMHBy: Eric Jhonsa, SA News Editor
  • Spherix (NASDAQ:SPEX) has reached agreements with institutional investors to sell 5.72M units consisting of one share and a warrant to buy 1.23 shares. The warrants will carry a $0.43 exercise price, be exercisable six months and one day after the closing of the offering, and expire 5.5 years after the offering's close.
  • Gross proceeds are expected to total $1.5M, excluding any warrant exercises - that implies each unit will be sold for ~$0.26. Spherix had $2.9M in cash at the end of Q1, and currently has 28.6M shares outstanding.

Recommended For You

More Trending News

About DOMH Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
DOMH--
Dominari Holdings Inc.