other material
confidence high
sentiment neutral
materiality 0.75
Alpha Cognition closes $46.2M public offering of common shares and pre-funded warrants
Alpha Cognition Inc.
- Closed underwritten public offering of 8,695,653 common shares and/or pre-funded warrants for net proceeds of ~$46.15 million (or $52.48 million with full underwriter option).
- Issued underwriter warrants to purchase 608,696 common shares at $7.18/share, exercisable from May 8, 2025 to Nov 13, 2029.
- Convertible notes from September 2024 private placement automatically converted into 801,412 common shares at $5.75 per share.
- Issued additional 215,418 warrants to noteholders; exercise price of existing warrants adjusted to $7.19 per share.
- Proceeds to fund commercialization of ZUNVEYL, pipeline R&D, CMC activities, and working capital.