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Aethlon Medical closes $6M offering of units

Aethlon Medical Inc. closed its underwritten public offering of 5,454,546 units for gross proceeds of $6 million.

Each unit was made up of a common share and a warrant to purchase an additional common share for $1.10 apiece.

The warrants carry a five-year term with an exercise price of $1.10 per share.

H.C. Wainwright & Co. acted as exclusive placement agent for the offering.