Applied UV, Inc. Announces Closing of $2.76 Million Registered Direct and Private Placement
NEW YORK, NY, April 01, 2024 (GLOBE NEWSWIRE) — via NewMediaWire — Applied UV, Inc. (NASDAQ:AUVI) (the “Company”), a leader in smart building technology solutions, today announced the closing of its previously announced registered direct offering and concurrent private placement with institutional investors. The Company issued shares of common stock of the Company (“Common Stock”) and pre-funded warrants (“Pre-Funded Warrants”) in a registered direct offering. In a concurrent private placement, the Company also issued common warrants (“Common Warrants”) to the same investors. Aggregate gross proceeds to the Company from both transactions were approximately $2.76 million. The transactions closed on April 1, 2024. The transactions were priced at the market under Nasdaq rules.