Inspira Technologies Announces Registered Direct Offering
Ticker: IINNW · Form: 6-K · Filed: Jun 17, 2024 · CIK: 1837493
Sentiment: neutral
Topics: offering, capital-raise, shares
TL;DR
Inspira Tech selling shares at $1.30 in direct offering, raising capital but diluting.
AI Summary
On June 14, 2024, Inspira Technologies Oxy B.H.N. Ltd. entered into a definitive agreement for a registered direct offering. The company will issue 941,541 ordinary shares at $1.30 per share and pre-funded warrants to a single investor.
Why It Matters
This offering provides capital for the company, potentially funding operations or expansion, but also dilutes existing shareholders.
Risk Assessment
Risk Level: medium — Registered direct offerings can signal a need for capital and lead to share price dilution, impacting existing investors.
Key Numbers
- $1.30 — Share Price (Price per ordinary share in the registered direct offering.)
- 941,541 — Ordinary Shares (Number of shares to be issued in the offering.)
Key Players & Entities
- Inspira Technologies Oxy B.H.N. Ltd. (company) — Registrant
- June 14, 2024 (date) — Date of agreement
- 941,541 (number) — Number of ordinary shares
- $1.30 (dollar_amount) — Purchase price per share
FAQ
What is the total amount of capital expected to be raised from this offering?
The filing states 941,541 ordinary shares will be issued at $1.30 per share, but the total proceeds are not explicitly calculated in the provided text.
Who is the single investor participating in this registered direct offering?
The filing refers to the investor as a 'single, individual investor' but does not disclose their name.
What are the terms of the pre-funded warrants mentioned?
The filing mentions the issuance of pre-funded warrants but does not detail their specific terms or exercise price in the provided text.
What is the purpose of this registered direct offering?
The filing does not explicitly state the purpose of the offering, but such offerings are typically for raising capital for operations, expansion, or other corporate initiatives.
When was the definitive agreement for the offering entered into?
The definitive agreement, known as the Purchase Agreement, was entered into on June 14, 2024.
Filing Stats: 1,001 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-06-17 09:38:08
Key Financial Figures
- $1.30 — Ordinary Shares, at a purchase price of $1.30 per share, and (ii) pre-funded warrants
- $1 — ordinary shares, at a purchase price of $1.30, less $0.001 per Pre-Funded Warrant.
- $0.001 — res, at a purchase price of $1.30, less $0.001 per Pre-Funded Warrant. Each Pre-Funded
- $3,444,981 — ult in gross proceeds to the Company of $3,444,981. The Company intends to use the net pro
- $70,000 — e offering and expense reimbursement of $70,000. In addition, the Company agreed to iss
- $1.56 — Warrants will have an exercise price of $1.56 per share, are exercisable commencing s
Filing Documents
- ea0207959-6k_inspiratech.htm (6-K) — 26KB
- ea020795901ex4-1_inspira.htm (EX-4.1) — 95KB
- ea020795901ex5-1_inspira.htm (EX-5.1) — 9KB
- ea020795901ex5-2_inspira.htm (EX-5.2) — 11KB
- ea020795901ex10-1_inspira.htm (EX-10.1) — 187KB
- ex5-1_001.jpg (GRAPHIC) — 3KB
- ex5-2_001.jpg (GRAPHIC) — 7KB
- ex5-2_002.jpg (GRAPHIC) — 3KB
- ex5-2_003.jpg (GRAPHIC) — 2KB
- ex5-2_004.jpg (GRAPHIC) — 6KB
- 0001213900-24-053164.txt ( ) — 358KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Inspira Technologies Oxy B.H.N. Ltd. Date: June 17, 2024 By: /s/ Dagi Ben-Noon Name: Dagi Ben-Noon Title: Chief Executive Officer 2