HealthLynked (OTCQB:HLYK) Corp announced a $2 million financing via a registered direct offering.
The healthcare technology company said it had entered into a securities purchase agreement with an institutional investor for the purchase and sale, in a registered direct offering, of 3,703,704 shares of the company.
Each share is priced at $0.54 per share for gross proceeds of $2 million.
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HealthLynked (OTCQB:HLYK) added it had agreed to issue to the investor unregistered warrants to purchase up to an aggregate of 1,851,852 shares at an exercise price equal to $0.65 per share for a five-year term.
Naples, Florida-based HealthLynked is a global healthcare network focused on care management of its members and a provider of healthcare technologies that connects doctors, patients, and medical data.
The firm said it plans to use the proceeds for general working capital purposes.
H.C. Wainwright & Co is acting as the exclusive placement agent for the offering.
The offering is expected to close on or about August 31, 2021, subject to satisfaction of customary closing conditions.
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