PetVivo Secures $150K More in Equity, Total Raise Hits $1.15M; $1.35M Option Open
PETV sits 33% above its 52-week low of $0.6.
Summary
PetVivo Holdings has secured an additional $150,000 in equity from an accredited investor, bringing the total raised under a subscription agreement to $1.15 million. This follows previous capital raises in March and April, which totaled $1 million, as the company continues to address its 'going concern' warning and critically low cash position. The new funds provide essential liquidity for operations and growth. An option for the investor to purchase up to an additional $1.35 million in units remains open until July 15, 2026, offering further financing flexibility.
At the time of this announcement, PETV was trading at $0.80 on OTC in the Life Sciences sector, with a market capitalization of approximately $28.2M. The 52-week trading range was $0.60 to $1.69. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.