Mr. Gerald Tritt reports
JOLT HEALTH INC. ANNOUNCES CLOSING OF FINANCING
Jolt Health Inc. has closed its previously announced non-brokered private placement. The company accepted subscriptions for 8.35 million units at a price of five cents per unit for gross proceeds of $417,500.
Pursuant to the terms of the financing, each unit consists of one common share in the equity of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of 10 cents per share for a period of two years from the closing of the financing, subject to the option of the company to accelerate the expiry date in the event that its shares trade at 25 cents or more for 10 consecutive days.
The company paid $4,574.96 in cash and issued 91,499 broker warrants to a qualified finder. The broker warrants are exercisable at a price of five cents per share for a period of two years from the closing of the financing, subject to the option of the company to accelerate the expiry date in the event that its shares trade at 25 cents or more for 10 consecutive days.
Securities issued are subject to trading restrictions until Dec. 13, 2026.
Jolt intends to use the net proceeds of the offering for general working capital.
About Jolt Health Inc.
Jolt Health is a life sciences company focused on health care, biotechnology and artificial intelligence.
We seek Safe Harbor.
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