other material
confidence high
sentiment neutral
materiality 0.55
Acurx Pharmaceuticals raises $1.1M in registered direct offering and private warrants
Acurx Pharmaceuticals, Inc.
- Aggregate gross proceeds of ~$1.1M from 2.15M common shares and 595K pre-funded warrants at $0.40/share.
- Private placement includes Series F warrants for up to 8.235M shares at $0.40, exercisable upon stockholder approval.
- H.C. Wainwright exclusive placement agent; 7% cash fee plus warrants for 164,700 shares at $0.50.
- Net proceeds to be used for working capital and general corporate purposes.
- Offering expected to close on or about March 10, 2025.