other material
confidence high
sentiment neutral
materiality 0.60
Bio-Path Holdings raises $4.0M in private placement of common stock and warrants
BIO-PATH HOLDINGS, INC.
- Gross proceeds ~$4.0M from sale of 1,809,955 shares (or equivalents) and warrants at $2.21 per unit.
- Series A warrants (5-year term) and Series B warrants (24-month term), each exercisable at $2.00/share.
- H.C. Wainwright acted as exclusive placement agent, receiving 7.5% cash fee and placement agent warrants.
- Net proceeds to be used for working capital and general corporate purposes.
- Securities unregistered; company agreed to file resale registration statement within 15 days.