Summary by Moomoo AI
Cardio Diagnostics Holdings, Inc. (Cardio) has filed a Form S-3 with the Securities and Exchange Commission (SEC) on January 26, 2024, for a proposed public offering of securities. The registration statement includes common stock, preferred stock, warrants, units, and subscription rights, with the potential to raise up to $17.0 million. Cardio, a company focused on developing products for cardiovascular diseases leveraging AI-driven genetic-epigenetic technology, has not declared dividends historically and has incurred net losses in recent years. The company plans to use the net proceeds for general corporate purposes, including working capital. Cardio's common stock and public warrants are listed on the Nasdaq Capital Market under the symbols 'CDIO' and 'CDIOW' respectively. The offering will be made through an 'at...Show More