other material
confidence high
sentiment neutral
materiality 0.50
Liminatus Pharma prices $4.0M public offering of common stock and warrants
Liminatus Pharma, Inc.
- Offering of 13.8M shares/pre-funded warrants and warrants for up to 20.7M shares at combined $0.29 per unit.
- Gross proceeds ~$4.0M; net proceeds ~$3.46M after placement agent fees and expenses.
- Warrants exercisable immediately at $0.29 per share, expire 5 years from issuance.
- Placement agent Maxim Group LLC receives 8% cash fee, $100K expense reimbursement, and 690,650 warrant shares at $0.319.
- Directors and officers subject to 180-day lock-up; company restricted from certain equity issuances for 180 days.