Elutia raises $15M in registered direct offering; sells 5.52M shares at $2.50/share

ELUTIA INC.

Gross proceeds of $15.0M from sale of 5,520,000 shares at $2.50 and 480,000 prefunded warrants at $2.499.
Prefunded warrants have $0.001 exercise price, exercisable immediately, and expire when fully exercised.
Net proceeds to be used for working capital and general corporate purposes.
Directors and officers subject to 90-day lock-up; company also restricted from issuing equity for 90 days post-close.

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