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Expected to provide approximately $2.23 million in gross proceeds.
Biomerica, Inc. (Nasdaq: BMRA) announced on August 27, 2026, a private placement of 1,393,705 unregistered shares of its common stock at a price of $1.60 per share.
The transaction is expected to provide approximately $2.23 million in gross proceeds. The company issued 1,393,705 shares as part of this private placement.
As of the latest available data, Biomerica, Inc. has a free float of 2,774,011 shares and 3,090,269 shares outstanding.
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