regulatory
confidence high
sentiment positive
materiality 0.75
FDA accepts IND for Gemini Phase 1b CKD study; REVB raises ~$4.1M from warrant exercises
REVELATION BIOSCIENCES, INC.
- FDA accepted IND for Gemini (trained immunity) for Phase 1b study in up to 40 CKD patients; primary endpoint safety/tolerability.
- Existing Class E warrants exercised at $1.00/share for ~$4.1M gross proceeds; new Class F and G warrants issued as inducement.
- Proceeds to fund clinical trials for GEM-AKI, GEM-CKD, GEM-PSI and working capital.
- New Class F warrants (2yr, $1.00) and Class G warrants (5yr, $1.00) subject to stockholder approval; include cashless exercise provisions.