TechMediaBreaks – Applied UV Inc. (NASDAQ: AUVI) Closes on $2.76M Registered Direct, Private Placement
Applied UV (NASDAQ: AUVI), a leader in smart building technology solutions, has closed on a registered direct offering as well as a concurrent private placement with institutional investors. According to the announcement, Applied UV issued shares of common stock and prefunded warrants in a registered direct offering. In addition, the company also issued common warrants to the same investors in a concurrent private placement. It is estimated that gross proceeds from both transactions, which closed today, will total approximately $2.76 million. The company noted that the transactions consisted of the public sale of 1,726,875 shares of common stock (or prefunded…