ParaZero prices 2M shares at $1.10 in registered direct offering

ParaZero (PRZO) entered into definitive agreements in a registered direct offering with institutional investors for the purchase and sale of approximately $2.2M of ordinary shares and pre-funded warrants at a price of $1.10 per ordinary share. The offering consisted of the sale of 2,000,001 ordinary shares at a public offering price of $1.10 per ordinary share. The pre-funded warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each pre-funded warrant sold in the offering, the number of ordinary shares in the offering will be decreased on a one-for-one basis. Aggregate gross proceeds to the Company are expected to be approximately $2.2 million. The transaction is expected to close on or about August 5, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering, together with its existing cash, for general corporate purposes and working capital. Greenberg Traurig, P.A. and Gornitzky & Co. are acting as co-counsels to the Company. Aegis Capital Corp. is serving as financial advisor in the offering.