Financings
Rocket Doctor AI receives $1.94M from warrant exercise

AIDR · Price
Executive Summary
- Rocket Doctor AI Inc. announced the exercise of outstanding common share purchase warrants, generating approximately $2.05 million in aggregate gross proceeds.
- The exercises occurred between July 5, 2024, and March 13, 2026, involving warrants originally issued during a March 2024 private placement and April 2024 debt settlement units.
- Proceeds will be allocated to working capital and general corporate purposes, with management citing sustained shareholder confidence in the company's AI-powered healthcare platform and 2026 U.S. growth initiatives.
Key Details
- Aggregate Gross Proceeds: ~$2,048,938
- Private Placement Warrants Exercised: 3,242,030 warrants at $0.60 each (~$1,945,218)
- Debt Settlement Unit Warrants Exercised: 172,866 warrants at $0.60 each (~$103,720)
- Recent Exercise Volume (3 months prior to March 13, 2026): 2,054,224 warrants (~$1,232,535)
- Exercise Price: $0.60 per warrant
- Warrant Expiration Dates: March 13, 2026 (private placement) and April 5, 2026 (debt settlement units)
- Use of Proceeds: Working capital and general corporate purposes
Notable Quotes
- "The exercise of these warrants reflects continued confidence in Rocket Doctor AI's strategy and long-term vision," said Dr. Essam Hamza, chief executive officer. "We appreciate the ongoing support from our shareholders as we continue to expand our AI-powered health care platform and focus on our 2026 U.S. growth plans."
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