other_material
confidence high
sentiment neutral
materiality 0.65
Revelation Biosciences closes $4M public offering of common stock and warrants
REVELATION BIOSCIENCES, INC.
- Gross proceeds ~$4M from sale of 3,640,000 shares (or pre-funded warrants) plus warrants for up to 14,560,000 shares.
- Warrants exercise price $1.10/share, exercisable after stockholder approval, expire 5 years from initial exercise date.
- Net proceeds to fund Phase 1b study, clinical drug supply manufacture, preclinical work, and general corporate purposes.
- Roth Capital Partners acted as sole placement agent; offering closed May 29, 2025.
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