other material
confidence high
sentiment positive
materiality 0.75
Pasithea Therapeutics prices $30.4M private placement of 8.68M shares and warrants at $3.50/unit.
Pasithea Therapeutics Corp.
- Gross proceeds $30.4M from sale of 8.68M shares and accompanying warrants at $3.50 per unit.
- Warrants immediately exercisable at $3.50, expire in 5 yrs; cashless exercise and ownership limits apply.
- EF Hutton receives 9% cash fee plus 1% non-accountable expense fee and up to $70K accountable expenses.
- Proceeds to fund pre-clinical R&D, US/UK clinic businesses, and working capital; resale registration due within 15 days.