Enveric Biosciences Inc. has announced the immediate exercise of certain outstanding warrants, resulting in approximately $3.1 million in gross proceeds. The company entered into definitive agreements to allow for the exercise of warrants to purchase up to 426,390 shares at a reduced exercise price of $7.05 per share, down from previous exercise prices of $36.00 and $10.98. In connection with the exercise, Enveric will also issue new unregistered Series E and Series F warrants, each allowing purchases of up to 426,390 shares at $7.05 per share. The Series E warrants will expire five years after the effective date of the resale registration statement, while the Series F warrants will expire eighteen months after that date. The proceeds will be used for product development, working capital, and general corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
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. Enveric Biosciences Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251211133281) on December 11, 2025, and is solely responsible for the information contained therein.
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