ParaZero Technologies Closes $3.1 Million Offering of Shares, Pre-funded Warrants-March 2024-www.financetom.com

ParaZero Technologies Closes $3.1 Million Offering of Shares, Pre-funded Warrants

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ParaZero Technologies Closes $3.1 Million Offering of Shares, Pre-funded Warrants

Feb 13, 2025 9:29 AM

12:14 PM EST, 02/13/2025 (MT Newswires) -- ParaZero Technologies ( PRZO ) said Thursday it closed a $3.1 million registered direct offering of shares and pre-funded warrants.

The company said it sold about 2.5 million ordinary shares at $1.10 apiece and 300,000 pre-funded warrants at $1.09999 each.

Net proceeds from the offering will be used for general corporate purposes and working capital, ParaZero ( PRZO ) added.

Shares of the company were up 3.4% in recent trading.

Price: 1.37, Change: +0.04, Percent Change: +3.41

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