SELLAS Life Sciences prices $9.0M public offering of 12M shares and warrants at $0.75/unit

SELLAS Life Sciences Group, Inc.

Gross proceeds of $9.0M from sale of 12M shares/common stock equivalents and 12M warrants at $0.75 per unit.
Warrants exercise price $0.75 per share, immediately exercisable, expire in five years.
A.G.P./Alliance Global Partners acting as sole placement agent; closing expected Jan 8, 2024.
Exercise price reduced to $0.75 on ~7.5M warrants from prior issuances; term extended to Jan 8, 2029.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SELLAS Life Sciences Group, Inc. entered into Securities Purchase Agreements with certain investors (the "Purchasers") valued at approximately $9.0 million (effective 2024-01-04).

Action: entry
Agreement: equity purchase
Counterparty: certain investors (the "Purchasers")
Value: approximately $9.0 million
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, SELLAS Life Sciences Group, Inc., a Delaware corporation (the “Company”), entered into Securities Purchase Agreements (the “Purchase Agreements”) with certain investors (the “Purchasers).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SELLAS Life Sciences Group, Inc. entered into Placement Agent Agreement with A.G.P./Alliance Global Partners (the "Placement Agent") (effective 2024-01-04).

Action: entry
Agreement: underwriting
Counterparty: A.G.P./Alliance Global Partners (the "Placement Agent")
Effective: 2024-01-04

Exact text from the filing

On January 4, 2024, the Company entered into a placement agency agreement (the “Placement Agent Agreement”) with A.G.P./Alliance Global Partners (the “Placement Agent”) pursuant to which the Company engaged the Placement Agent as the exclusive placement agent in connection with the Offering.

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623 material agreements filed in the last 30 days. Browse all material agreements →

SELLAS Life Sciences Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-002295

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