SenesTech, Inc. Announces Pricing of $5.0 Million Public Offering

About this update from Senestech, Inc.

[{"type":"text","content":"PHOENIX, Nov. 27, 2023 /PRNewswire/ -- SenesTech, Inc. (NASDAQ: SNES, \"SenesTech\" or the \"Company\"), (www.senestech.com) the leader in fertility control to manage animal pest populations, today announced the pricing of a public offering of 3,846,154 shares of its common stock (or pre-funded warrants in lieu thereof) and accompanying Series D warrants to purchase up to 3,846,154 shares of its common stock (\"Series D Warrants\") and Series E warrants to purchase up to 3,846,154 shares of its common stock (\"Series E Warrants\", together with Series D Warrants, collectively the \"Series Warrants\") at a combined offering price of $1.30 per share of common stock (or pre-funded warrant in lieu thereof) and associated Series Warrants. The Series Warrants have an exercise price of $1.30 per share and will be immediately exercisable upon issuance. The Series D Warrants will expire five years following the initial exercise date, and the Series E Warrants will expire eighteen months following the initial exercise date. The closing of the offering is expected to occur on or about November 30, 2023, subject to the satisfaction of customary closing conditions.\n\n \n \n \n \n \n \n\n \nH.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.\nThe gross proceeds to the Company from the offering are expected to be approximately $5.0 million, before deducting the placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include research and development expenses, capital expenditures, working capital and general and administrative expenses, and potential acquisitions of or investments in businesses, products and technologies that complement the Company's business.\nThe securities described above are being offered pursuant to a registration statement on Form S-1 (File No. 333-273370) originally filed with the Securities and Exchange Commission (\"SEC\") on July 21, 2023, as amended, and became effective on November 27, 2023. The public offering is being made only by means of a prospectus, which forms a part of the effective registration statement. When available, electronic copies of the final prospectus may be obtained for free on the SEC's website located at http://www.sec.gov and may also be o...

More updates from Senestech, Inc.