debt
confidence high
sentiment neutral
materiality 0.70
BioXcel Therapeutics raises $14M in registered direct offering with warrants
BioXcel Therapeutics, Inc.
- Total gross proceeds of $14M from sale of 188,383 shares and pre-funded warrants for up to 3,811,617 shares.
- Combined offering price: $3.50 per share + accompanying warrant; $3.499 per pre-funded warrant + accompanying warrant.
- Warrants exercisable at $4.20 per share; option warrants to purchase up to 4,000,000 additional shares.
- Placement agent Rodman & Renshaw receives a 6.0% cash fee on gross proceeds.
- Closing expected on first Trading Day after March 3, 2025.