Rani Therapeutics to raise ~$10M via stock/warrant offering; cancels prior warrants

Rani Therapeutics Holdings, Inc.

Issuing 3M shares + pre-funded warrants for 333K shares + Series C warrants for 3.33M shares at $3.00 combined price.
Gross proceeds ~$10M; closing expected Oct 16, 2024.
Cancelling Series A warrants for 3.25M shares issued July 2024.
Placement agent Maxim Group LLC receives 5.25% fee.
Directors and officers enter 30-day lock-up.

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