---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-099735"
form_type: "8-K"
ticker: "QNRX"
cik: "0001671502"
company_name: "Quoin Pharmaceuticals, Ltd."
filed_at: "2025-10-15T23:59:59+00:00"
generated_at: "2026-05-17T03:45:42.922656+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quoin raises $16.6M upfront in PIPE; up to $104.6M total with milestone warrants

## Summary
- Upfront gross proceeds of $16.6M ($15M net) from private placement; proceeds for QRX003 development and general corporate.
- Warrant series H, I, J, K with exercise prices $9.075-$12.375 per ADS; potential cash proceeds up to $88M if exercised.
- Investors include AIGH Capital, Soleus Capital, Nantahala Capital, Diadema, Stonepine, ADAR1, Velan; director Langer invested $128k.
- Warrant exercise triggers tied to FDA milestones for QRX003: Type C meeting, pivotal trial endpoints, FDA approval, or PRV sale.
- Directors and officers subject to 180-day lock-up; proceeds with warrant exercise expected to fund operations into 2027.

## SEC filing metadata
- accession: 0001104659-25-099735
- form_type: 8-K
- ticker: QNRX
- cik: 0001671502
- company_name: Quoin Pharmaceuticals, Ltd.
- filed_at: 2025-10-15T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1671502/000110465925099735/0001104659-25-099735-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1671502/000110465925099735/tm2528687d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-099735
- JSON: https://secwatch.observer/filing/0001104659-25-099735.json
- Plain text: https://secwatch.observer/filing/0001104659-25-099735.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.