8-KFiled Sep 13, 8:00 PM ET
Harvard Apparatus Regenerative Technology Completes $2.84M Private Placement
$HRGN · Harvard Apparatus Regenerative Technology, Inc.Research Summary
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Harvard Apparatus Regenerative Technology Completes $2.84M Private Placement
What Happened
- Harvard Apparatus Regenerative Technology, Inc. announced it closed a private placement on September 11, 2026, selling an aggregate 2,703,727 shares of common stock for total proceeds of $2,838,911 at $1.05 per share.
- CEO Jerry (Junli) He purchased 683,725 of those shares by converting and cancelling $717,911 of outstanding bridge promissory notes that had been issued to him earlier in 2026; the converted shares were issued at the same $1.05 per share price.
Key Details
- Private placement closed: September 11, 2026.
- Shares issued: 2,703,727 common shares.
- Gross proceeds: $2,838,911 (price per share $1.05).
- CEO conversion: Jerry (Junli) He converted $717,911 of notes into 683,725 shares; notes cancelled in full.
- Securities were sold in a private (unregistered) placement under applicable exemptions; Purchase Agreements contain customary representations and warranties.
Why It Matters
- The company received immediate capital of about $2.84 million, which strengthens liquidity and reduces short-term debt due to the CEO's note conversion.
- Issuing 2.7 million new shares increases the company’s outstanding share count (dilution effect for existing shareholders); the filing does not state the post‑issuance share total.
- The transaction was done via a private placement (not a registered public offering); terms and representations are standard for such deals and were included in the Purchase Agreements filed with the 8‑K.