DNY59
Shares of MAIA (NYSE:MAIA) were down 20% midday Friday, the day after the company said it has issued a warrant to Alumni Capital to purchase up to 239K common shares at the exercise price of $2.09 per share.
MAIA said in an SEC filing late Thursday that the warrant was exercisable for up to four years as of Nov. 10, subject to certain vesting conditions.
Shares of MAIA fell Wednesday after the company announced in an SEC filing that it had terminated an agreement with Think Equity for an at-the-market equity offering program with an aggregate offering price of up to $7M. MAIA said it had sold 758K common shares through the agency through Nov. 15, resulting in gross proceeds of around $1.7M.
The company also said in the filing that it had terminated its CFO and chief medical officer as part of an effort to streamline operations. It added that it had been informed by NYSE that it was out of compliance with NYSE American listing rules regarding shareholder equity.