Bio-Path Holdings raises $1.2M in registered direct offering and warrants

BIO-PATH HOLDINGS, INC.

Sold 375,000 shares at $3.225 per share for gross proceeds of $1.2 million.
Concurrent private placement of warrants to purchase 375,000 shares at $3.10 per share.
Net proceeds of ~$1.0M after fees; intended for working capital and general purposes.
Offering expected to close April 19, 2024; H.C. Wainwright acted as placement agent.
Outstanding shares will increase from 1,190,306 to 1,565,306 post-closing.

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

BIO-PATH HOLDINGS, INC. entered into Purchase Agreement with certain institutional investors valued at approximately $1.2 million (effective 2024-04-18).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $1.2 million
Effective: 2024-04-18

Exact text from the filing

On April 18, 2024, Bio-Path Holdings, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to sell, in a registered direct offering (the “Registered Direct Offering”), an aggregate of 375,000 shares (the “Shares”) of its common stock, par value $0.001 per share (“Common Stock”), for a purchase price per Share of $3.225 and gross proceeds of approximately $1.2 million.

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

BIO-PATH HOLDINGS, INC. entered into Engagement Letter with H.C. Wainwright & Co., LLC (effective 2024-03-22).

Action: entry
Agreement: underwriting
Counterparty: H.C. Wainwright & Co., LLC
Effective: 2024-03-22

Exact text from the filing

On March 22, 2024, the Company entered into an engagement letter (the “Engagement Letter”) with H.C. Wainwright & Co., LLC (the “Placement Agent”).

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

BIO-PATH HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-049197

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