Bruush Oral Care prices $3M private placement

Bruush Oral Care "announced that it entered into a securities purchase agreement with institutional investors for aggregate gross proceeds of approximately $3.0 million, before deducting fees to the placement agent and other offering expenses payable by the Company. In connection with the offering, the Company will issue 4,916,667 units and pre-funded units at a purchase price of $0.60 per unit. The pre-funded units will be sold at the same price less the pre-funded warrant exercise price of $0.001. Each unit and pre-funded unit consist of one share of common stock and one non-tradable warrant exercisable for one share of common stock at a price of $0.60. The warrants have a term of 5.5 years from the issuance date. Aegis Capital Corp. is acting as the Exclusive Placement Agent in connection with the offering."