other material
confidence high
sentiment neutral
materiality 0.70
Theriva Biologics closes $7.5M public offering of common stock and warrants
Theriva Biologics, Inc.
- Gross proceeds of ~$7.5M from offering of 6.8M shares (or pre-funded warrants) and common warrants at $1.10/unit.
- Offering includes 1.99M shares, 4.83M pre-funded warrants, and 6.82M common warrants exercisable at $1.10 for 5 years.
- Proceeds primarily for working capital, R&D, and manufacturing scale-up; no acquisition commitments.
- Post-closing shares outstanding: 4,773,358 (excluding warrants).
- A.G.P./Alliance Global Partners acted as placement agent.