Global healthcare network HealthLynked Corp (OTCMKTS:HLYK), which is involved in providing care to its members and also provides healthcare technologies, saw its stock trade within a range on Tuesday.
While there was not a lot of movement in its stock, HealthLynked did make an announcement yesterday with regards to the closing of the registered direct offering that had been announced by the company in the past. In the particular offering of its stock, the company offered a total of 3,703,704 at the rate of $0.54 a share. The company managed to generate gross proceeds of as much as around $2 million from this particular offering.
However, it should be noted that the expenses related to agents’ placement fees and other associated costs related to the offering are going to be deducted from the proceeds. However, that is not all. In addition to this private placement, the company also issued the investors in the offering unregistered warrants by way of which they can pick up an additional 1,851,852 units of the company’s common stock. The warrants bear an exercise price of $0.65 a share. The warrant holders can exercise the warrant right after issuance or within five year from the date of the issue.