root9B Technologies seals $1.26 million agreement for warrant exercise

Investors get new warrants; old warrant strike price reduced via deal

By Devika Patel

Knoxville, Tenn., Feb. 24 – root9B Technologies, Inc. said it raised $1,256,782 through its offer to amend and exercise warrants.

The investors agreed to exercise 1,142,529 of their warrants at an exercise price of $1.10 per share, reduced from $1.125 per share.

The participants also received new five-year warrants for 285,654 shares, which are each exercisable at $1.50 per share.

Maxim Group, LLC was the warrant agent for the offering.

The Charlotte, N.C., company offers cybersecurity, regulatory risk mitigation, and energy and controls services.

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