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The latest update is out from Loop Media (LPTV).
Loop Media, Inc. has inked a series of financial deals involving the sale of common stock and pre-funded warrants, generating approximately $2.45 million before expenses. The agreements include direct offerings and concurrent private placements with institutional and private investors. Additionally, the company has agreed to restrictions on stock issuance for certain periods and granted the institutional investor participation rights in future financings. Meanwhile, a placement agency agreement with Roth Capital Partners, LLC, has been established to facilitate the sale of securities, for which the placement agent will receive a cash fee and warrants. These transactions are all part of Loop Media’s strategic capital-raising efforts, set to close by early June 2024.
For detailed information about LPTV stock, go to TipRanks’ Stock Analysis page.
