Palisade Bio raises ~$2.0M in registered direct offering and warrants

PALISADE BIO, INC.

Sold 3,646,690 shares at $0.55/share for gross proceeds of ~$2.0M.
Concurrent private placement of warrants to purchase 3,646,690 shares at $0.7105, exercisable in 6 months, expiring in 5.5 years.
Placement agent Ladenburg Thalmann receives 7.75% cash fee and 218,801 warrants at $0.7105 with 5-year term.
Shares offered via effective S-3 registration statement filed March 2022.

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