OpenWorld Announces Pricing of $3.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
OpenWorld entered into a securities purchase agreement with one institutional investor for a $3.5 million registered direct offering priced at-the-market under Nasdaq rules. The offering includes 2,517,985 shares or pre-funded warrants, plus Series A and Series B warrants for up to an equal number of shares each.
Why it matters — OPNW watchers may note the offering terms, including the warrant exercise prices, shareholder approval conditions, and potential dilution from shares issuable under the warrants.