electroCore Inc. Announces Private Placement of 360,737 Shares to Settle Outstanding Legal Fees

Reuters10-04

electroCore Inc. Announces Private Placement of 360,737 Shares to Settle Outstanding Legal Fees

electroCore Inc. has announced the completion of a private placement involving the sale of 360,737 shares of its common stock to certain institutional and accredited investors. The shares were issued at $5.145 per share as payment for outstanding legal fees owed to the investors. The company did not receive any cash proceeds from this transaction. electroCore has agreed to file a registration statement with the SEC to facilitate the resale of these shares. The agreements include customary terms and provide indemnification to the purchasers for certain liabilities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. electroCore Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-016869), on October 03, 2025, and is solely responsible for the information contained therein.

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