Femasys Inc. Announces Private Placement of Convertible Notes and Warrants
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Femasys Inc. has announced a private placement of senior secured convertible notes and warrants with accredited investors. The notes are convertible into common stock at $0.73 per share, and investors will receive warrants with exercise prices of $0.81, $0.92, and $1.10. The funds will be used to repay previous notes and for corporate purposes. Company insiders participated, purchasing about $100,000 in notes and warrants. Femasys will file a registration statement for the resale of shares.
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