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Autonomix Medical Shares Surge Pre-Bell After $4.9 Million Warrant Inducement Priced at Premium to Market

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Autonomix Medical's (AMIX) shares jumped over 63% in premarket activity Tuesday after the company said it had entered into a warrant inducement agreement with an investor to exercise immediately certain outstanding warrants issued on July 15.

The investor agreed to exercise the warrants to purchase 857,462 shares at an exercise price of $5.75, the company said late Monday, the day on which Autonomix shares closed at $5.37.

Gross proceeds from the exercise are expected to be about $4.9 million.

Price: $8.79, Change: $+3.42, Percent Change: +63.69%

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