other material
confidence high
sentiment neutral
materiality 0.50
Eledon Pharmaceuticals raises ~$4M via private placement of 1.727M shares
Eledon Pharmaceuticals, Inc.
- Sold 1,527,400 shares on Sept 30 and 200,000 shares on Oct 1, 2024.
- Gross proceeds of approximately $4.0 million from the sale.
- Shares issued under Securities Purchase Agreement dated April 28, 2023.
- Offering exempt from registration under Section 4(a)(2) and Rule 506(b).
- Proceeds intended for general corporate purposes; no specific use disclosed.