09:00 AM EDT, 08/22/2025 (MT Newswires) -- Rocket Doctor AI ( TREIF ) , formerly called Treatment.com AI, said Friday that it raised $4.2 million after closing its private placement of special warrants and units.

The company issued 3,677,400 special warrants priced at $0.50 each for $1.8 million in proceeds, and 4,792,000 units at $0.50 apiece for $2.4 million in proceeds.

Each special warrant will automatically convert into one unit. Each unit comprises one share and one warrant. Each warrant can be exercised at $0.75 per share for 12 months.

Rocket Doctor plans to use the proceeds for sales and administrative expenses, software research and development, and working capital purposes.

Rocket Doctor's share price soared 9.8% on Thursday to $0.56 on the CSE.