Core AI Holdings, Inc. (NASDAQ: CHAI) announced the closing of a $5.4 million registered direct offering with a new fundamental institutional investor.
The offering consisted of 1,969,444 shares of common stock and 3,975,000 pre-funded warrants, resulting in aggregate gross proceeds of approximately $5.4 million, before deducting offering commissions and expenses. The Company intends to use the net proceeds to support the advancement of its AI technology and infrastructure initiatives, as well as for general working capital purposes.
Lucosky Brookman LLP served as legal counsel to Core AI Holdings, Inc. in connection with the offering. D. Boral Capital LLC acted as the exclusive placement agent
