SenesTech Inc., a leader in fertility control for managing animal pest populations, has announced definitive agreements for the exercise of certain outstanding warrants to purchase a total of 1,458,872 shares of the company's common stock. Originally issued on March 11, 2025, these warrants have an exercise price of $2.90 per share. The transaction is expected to close around July 1, 2025, contingent on customary closing conditions. H.C. Wainwright is acting as the exclusive placement agent for this transaction. As part of the deal, SenesTech will issue new unregistered short-term warrants for up to 1,458,872 shares at an exercise price of $4.15 per share, with a purchase price of $0.125 per warrant in a private placement. These new warrants will be immediately exercisable and expire fifteen months after the effective date of the resale registration statement. The company anticipates gross proceeds of approximately $4.4 million from the existing warrant exercise, before fees and expenses, and potential gross proceeds of $6.0 million if the new warrants are fully exercised. The net proceeds will be used for working capital and general corporate purposes.
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