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Salarius Pharmaceuticals files for resale of 7M shares by selling stockholders

  • Salarius Pharmaceuticals (NASDAQ:SLRX) on Friday filed for resale of up to ~7M shares by selling stockholders, issuable on exercise of certain outstanding warrants.
  • The warrants were issued to the selling stockholders in a private placement concurrent with a registered direct offering of 9.3M shares.
  • The registered direct offering and private placement of warrants were completed on Apr. 26.
  • SLRX will not receive any proceeds from the sale of stock by the selling shareholders.
  • Upon exercise of the warrants for all 7M shares by payment of cash, SLRX will receive gross proceeds of ~$2.3M.

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Salarius Pharmaceuticals, Inc.