Cognition Therapeutics raises ~$10.4M in public offering of 6.57M shares at $1.75

COGNITION THERAPEUTICS INC

Issued 6,571,428 shares of common stock at $1.75 per share; net proceeds ~$10.4M after expenses.
Underwriter granted 30-day option to buy up to 985,714 additional shares at the same price.
Offering expected to close March 14, 2024; funds to be used for R&D, clinical development, manufacturing, and working capital.
Directors and executive officers subject to lock-up agreements prohibiting share sales until May 13, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

COGNITION THERAPEUTICS INC entered into Underwriting Agreement with Titan Partners Group LLC, a division of American Capital Partners, LLC (effective 2024-03-11).

Action: entry
Agreement: underwriting
Counterparty: Titan Partners Group LLC, a division of American Capital Partners, LLC
Effective: 2024-03-11

Exact text from the filing

On March 11, 2024, Cognition Therapeutics, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Titan Partners Group LLC, a division of American Capital Partners, LLC (the “Underwriter”), pursuant to which the Company agreed to issue and sell to the Underwriter, in a public offering (the “Offering”), 6,571,428 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (“Common Stock”) at a public offering price of $1.75 per share (the “Offering Price”).

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COGNITION THERAPEUTICS INC filing history →

Source: SEC EDGAR

accession 0001104659-24-033923

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