SRM Entertainment (SRM) Announces Pricing of $1.7 Million Registered Direct Offering
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SRM Entertainment, Inc. Announces Pricing of $1.7 Million Registered Direct Offering
December 5, 2024 8:30 AM ESTJupiter, FL, Dec. 05, 2024 (GLOBE NEWSWIRE) -- SRM Entertainment, Inc. (Nasdaq: SRM) (the Company, or SRM, a leading provider of creative and high-quality licensed media-themed merchandise, today announced that it entered into a securities purchase agreement with a certain institutional investor to purchase approximately $1.7 million shares of its common stock (or common stock equivalents in lieu thereof) in a registered direct offering at a purchase price of $0.7385 per share.
The gross proceeds to the Company from the registered direct offering are estimated to be approximately $1.7 million, before deducting the placement... More
