SRX Global Inc. announced it has raised approximately $3.472 million in gross cash proceeds from an additional closing of its private placement with accredited investors on July 27, 2026. This transaction is part of a previously disclosed Securities Purchase Agreement from March 2026.
Key Details
- Proceeds & Securities: The company issued 4,340 shares of Series B convertible preferred stock and 284,156 warrants to purchase common stock for aggregate proceeds of approximately $3.472 million.
- Agreement Context: This is an "Additional Closing" under the Securities Purchase Agreement from March 16, 2026, which provided for an aggregate purchase price of up to $8.0 million.
- Registration: The securities were issued in a private placement and are not registered under the Securities Act, in reliance on an exemption from registration.