FibroBiologics closes $3M private placement; warrants could add $6M

FibroBiologics, Inc.

Gross proceeds of $3.0M from sale of 4.08M shares/pre-funded warrants + warrants at $0.735/share.
Net proceeds ~$2.6M; warrants exercisable only after stockholder approval for up to 8.16M additional shares.
If all warrants exercised for cash, total gross proceeds could reach ~$9.0M.
H.C. Wainwright acted as placement agent, receiving 7% cash fee and 285,714 placement agent warrants.
Funds earmarked for working capital and general corporate purposes.

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