- Aptorum Group (NASDAQ:APM) has priced its public offering of 2,769,231 Class A ordinary shares and warrants to purchase up to same number of Class A shares, at a combined price of $3.25/share and related warrant, for expected gross proceeds of ~$9M.
- The five-year warrants have an exercise price of $3.25/share.
- Net proceeds will be used to conduct further analyses of SACT-1 and ALS-4, for development of pipeline candidates into their respective clinical phases, for working capital and general corporate purposes.
- H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
- Current progress of pipeline programs and discovery:
- Yesterday's close was $4.76. Shares down 4% after-hours.