other material
confidence high
sentiment neutral
materiality 0.70
AN2 Therapeutics announces $40M private placement of common stock and pre-funded warrants
AN2 Therapeutics, Inc.
- Gross proceeds ~$40M from sale of 8.25M shares at $2.85/share and 5.79M pre-funded warrants at $2.84999/warrant.
- Investors include Coastlands Capital, Commodore Capital, Vivo Capital; Leerink Partners as placement agent.
- Pre-funded warrants have $0.00001 exercise price, exercisable immediately, subject to 9.99% beneficial ownership blocker.
- Closing expected March 10, 2026; resale registration statement to be filed within 30 days after closing.
- Net proceeds for general corporate purposes and working capital.