other material
confidence high
sentiment neutral
materiality 0.70
Gain Therapeutics prices $11M public offering of common stock and pre-funded warrants
Gain Therapeutics, Inc.
- Offering of 7,116,547 shares at $1.35/share and 1,031,602 pre-funded warrants at $1.3499 each.
- Gross proceeds of ~$11M; net proceeds of ~$10.1M after discounts and expenses.
- Proceeds to fund clinical development of GT-02287 for GBA1 Parkinson's disease.
- Underwriter Titan Partners granted 30-day option for 1,222,222 additional shares (15% over-allotment).
- Underwriter warrants for 570,370 shares at $1.6875, exercisable 6 months post-closing.