Know Labs (KNW) announced the pricing of a registered direct offering with gross proceeds to the company of $300K before deducting placement agent fees and other estimated expenses payable by the company. This was a unit offering comprised of one share of stock and one warrant. The purchase price of the unit was 24c a share and the warrant is exercisable at 24c. The warrants will expire on the fifth anniversary of the warrant issuance. The warrants also have a cashless exercise option in certain circumstances. This was a registered direct offering priced at-the-market under NYSE American rules.
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