
Shares of Autonomix Medical, Inc. surged 52.51% on Tuesday following a $4.9 million warrant exercise that provided the pre-revenue device maker with additional funds.
The immediate raise equals about 142% of June cash and 61.6% of the quoted market value. Future warrant cash requires exercise and is not assured.
| Instrument | Shares |
|---|---|
| Existing warrants exercised | 857,462 |
| New E-1 warrants | 535,913 |
| New E-2 warrants | 535,913 |
| Replacement coverage | 125% |
New warrants strike at $6.25 and expire five years after issuance.
Illustrative only; excludes other securities and any share changes after August 6.
| June quarter | Value |
|---|---|
| Revenue | $0 |
| Net loss | $2.7M |
| Cash used in operations | $3.5M |
| Working capital | $3.1M |
| Funding need to commercialization | $25M–$30M |
The warrant cash helps, but it does not close the disclosed long-term financing gap.
Maxim Group: Buy, $42 target. Latest cited update: June 2, 2026. Targets predate this financing and carry high uncertainty.
The immediate cash can fund clinical and device work. The stock's 52.5% gain prices that liquidity quickly. Existing holders must weigh it against an immediate share increase and a larger replacement-warrant overhang.
Closing conditions, further equity raises, clinical execution, FDA timing, sparse liquidity and a going-concern disclosure all matter. The technology is investigational and has not been cleared for U.S. marketing.
Today’s highest-ranked model selections.