other material
confidence high
sentiment neutral
materiality 0.70
NanoViricides raises ~$3.8M in registered direct offering of common stock and warrants
NANOVIRICIDES, INC.
- Gross proceeds of ~$3.8M from sale of 2,516,339 shares (or pre-funded warrants) and warrants to purchase 2,516,339 shares at $1.75.
- Offering closed on July 27, 2026; net proceeds for working capital, R&D, clinical trials, and strategic purposes.
- CEO and principal stockholder TheraCour Pharma entered 30-day lock-up agreements restricting share sales.
- D. Boral Capital acted as exclusive placement agent with 7.0% cash fee and up to $50,000 expense reimbursement.