Caring Brands prices up to USD 11 million private placement of Series B convertible preferred stock, warrants
Reuters2026/08/26 08:55- Caring Brands entered a private placement on Aug. 21, 2026 to raise up to USD 11 million from accredited investors.
- Deal covers up to 11,000 shares of Series B Convertible Preferred Stock priced at USD 1,000 per share.
- Preferred converts at an initial USD 0.7 per common share, subject to adjustment; carries an 8% annual dividend.
- Financing includes five-year warrants for up to 22,000,000 common shares with exercise prices of USD 0.83, USD 0.95.
- Issuance capped at 19.99% of outstanding common stock absent stockholder approval; final closing targeted by Aug. 28, 2026.
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