other material
confidence high
sentiment neutral
materiality 0.75
OS Therapies secures up to $15M equity line from Square Gate Capital over 24 months
OS Therapies Inc
- Company can sell up to $15M of common stock to Square Gate at 95% of lowest VWAP during valuation period.
- Investor prohibited from short sales or hedging; no warrants issued in the transaction.
- Initial commitment shares equal to 3% of $15M issued as consideration to the investor.
- Proceeds will fund clinical development programs and expand discovery and preclinical activities.
- Registration statement covering resale of shares to be filed with SEC by November 15, 2024.