GeoVax Labs Raises $863K Via Warrant Exercise Inducement; Issues New 5-Year Warrants at $1.36
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GeoVax Labs has raised approximately $863,000 through a warrant exercise inducement, allowing existing warrant holders to exercise 634,658 warrants at a reduced price of $1.36 per share. In return, the company will issue new warrants for up to 1,269,316 shares at the same price, valid for five years pending Nasdaq approval. A.G.P./Alliance Global Partners served as the exclusive financial advisor for this transaction, receiving a 7% fee and up to $40,000 in legal expenses.
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