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Prenetics Global Limited (NASDAQ:PRE) ("Prenetics" or the "Company"), a leading health sciences company, today announced the successful pricing of a best efforts public offering (the "Offering") of (i) 2,992,596 Class A ordinary shares, par value $0.0015 per share, of the Company (the "Ordinary Shares," the Ordinary Shares being sold in the Offering, the "Shares") (or pre-funded warrants of the Company to purchase Ordinary Shares (the "Pre-funded Warrants") in lieu thereof), (ii) warrants of the Company to purchase up to 2,992,596 Ordinary Shares (the "Class A Common Warrants"), and (iii) warrants of the Company to purchase up to 2,992,596 Ordinary Shares (the "Class B Common Warrants" and together with the Class A Common Warrants, the "Common Warrants") at a combined offering price of $16.08 per Share (or Pre-funded Warrant) and the associated Common Warrants (the "Offering Price"). The gross proceeds to the Company from the offering are expected to be approximately $48.0 million, before deducting placement agent fees and offering expenses.
The Class A Common Warrants will have an exercise price of $24.12 per Ordinary Share (or 50% premium to the Offering Price). The Class B Common Warrants will have an exercise price of $32.16 per Ordinary Share (or 100% premium to the Offering Price). Each of the Common Warrants will be immediately exercisable upon issuance for a period of five years following the date of issuance.
The Company intends to use the proceeds from the Offering for the global expansion of IM8, driven by its explosive growth, and the strategic accumulation of Bitcoin (BTC) as part of its pioneering dual-pronged health and wealth strategy. All of the Shares (or Pre-funded Warrants) and associated Common Warrants are being offered by the Company.
The offering is expected to close on October 28, 2025, subject to satisfaction of customary closing conditions.
Dominari Securities LLC ("Dominari") acted as the sole placement agent for the Offering. Reed Smith LLP served as counsel to the Company. Sichenzia Ross Ference Carmel LLP served as counsel to Dominari.
Posted In: PRE
