ParaZero announces closing of $4M registered direct offering

2 hours ago 1

TipRanks

Wed, March 25, 2026 astatine 9:25 AM CDT 1 min read

ParaZero (PRZO) Technologies announced the closing of its antecedently announced registered nonstop offering with a azygous organization capitalist for the acquisition and merchantability of astir $4M of mean shares and pre-funded warrants astatine a terms of 75c per mean share. The offering consisted of the merchantability of 5,333,333 mean shares astatine a nationalist offering terms of 75c per mean share. The pre-funded warrants are instantly exercisable and whitethorn beryllium exercised astatine immoderate clip until exercised successful full. For each pre-funded warrant sold successful the offering, the fig of mean shares successful the offering was decreased connected a one-for-one basis. Aggregate gross proceeds to the institution were astir $4M. The transaction closed connected March 24, 2026. The institution intends to usage the nett proceeds from the offering, unneurotic with its existing cash, for wide firm purposes and moving capital. Following completion of the offering, the institution has 28,760,239 mean shares issued and outstanding, assuming the workout of each pre-funded warrants issued successful the offering. Aegis Capital Corp. acted arsenic exclusive placement cause for the offering. Greenberg Traurig, P.A. and Gornitzky & Co. acted arsenic co-counsels to the company. Kaufman & Canoles, P.C. acted arsenic counsel to Aegis Capital Corp.

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