SenesTech, Inc. $(SNES)$, a leader in fertility control for managing animal pest populations, has announced definitive agreements for the immediate exercise of certain outstanding warrants to purchase a total of 1,458,872 shares of the company's common stock at an exercise price of $4.15 per share. This transaction is expected to generate gross proceeds of approximately $6.3 million. H.C. Wainwright is serving as the exclusive placement agent for the deal. As part of the transaction, SenesTech will issue new unregistered short-term warrants to purchase up to 2,188,308 shares of common stock at an exercise price of $5.25 per share, priced at $0.125 per warrant in a private placement. These new warrants will be exercisable immediately and will expire fifteen months after the effective date of the resale registration statement. The company plans to use the net proceeds for working capital and general corporate purposes.
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