Jupiter Wellness (NASDAQ: JUPW), a company focused on hair, skin and sexual wellness, today announced its entry into a definitive agreement with investors for the purchase and sale of 4,315,786 shares in a registered direct offering. In a concurrent private placement, Jupiter Wellness also agreed to issue to the same investors a total of 8,631,572 warrants to purchase up to one share of common stock, each at an exercise price of $1.00. The private placement warrants will be exercisable beginning six months after issuance, with 4,315,786 having a 3-year term and 4,315,786 having a 5-year term from the initial exercise date. The company will secure aggregate gross proceeds of approximately $4.1 million for both transactions, which, subject to satisfaction of customary conditions, are expected to close on or about Jan. 23, 2022. Aegis Capital Corp. is acting as the exclusive placement agent.
To view the full press release, visit https://ibn.fm/OruFq
About Jupiter Wellness Inc.
Jupiter Wellness is a diversified company that supports health and wellness by researching and developing over-the-counter (“OTC”) products and intellectual property. The company’s product pipeline addresses a range of conditions, including hair loss, eczema, burns and sexual wellness. Revenue is generated through the sales of OTC and consumer products, contract research agreements and licensing royalties. For more information, visit the company’s website at www.JupiterWellness.com.
NOTE TO INVESTORS: The latest news and updates relating to JUPW are available in the company’s newsroom at https://ibn.fm/JUPW
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