Cyabra prices $6 million private placement at $0.435 per share, with preferred conversion
On July 9, 2026, Cyabra agreed to sell shares, pre-funded warrants and warrants in a private placement with gross proceeds of about $6 million, which closed on July 10, 2026. The company also agreed to convert its outstanding preferred stock into common stock and exchange Series C preferred stock valued at $10,660,000, both subject to stockholder approval. The offering and conversion would add a large number of shares and warrants, which dilutes existing shareholders, though the company says the conversion removes a structural overhang on its capital structure.
Key points
- Offering closed July 10, 2026, with gross proceeds of about $6 million before placement agent fees and expenses; common shares were priced at $0.435 each.
- Series A warrants cover 13,818,770 shares at a $0.50 exercise price and expire five years after initial exercise; Series B warrants cover 13,818,770 shares at $0.45 and expire twelve months after initial exercise.
- Preferred conversion covers 35,648,276 shares of Series A and Series B preferred stock, with conversion price reduced to $0.435; the Series C exchange is valued at $10,660,000.
- Placement agent A.G.P./Alliance Global Partners receives a cash fee equal to 7.0% of gross proceeds.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.