other material
confidence high
sentiment positive
materiality 0.75
OS Therapies announces $6M private placement; OST-HER2 Phase 2b data in Jan 2025
OS Therapies Inc
- Gross proceeds of $6M from sale of 1.5M units at $4.00/unit; each unit = 1 share Series A convertible preferred + 1 warrant.
- Initial conversion price $4.00, warrant exercise price $4.40; prices subject to reset with floor of $1.00 and ceiling $4.00.
- Proceeds to fund working capital and support commercialization of OST-HER2 for recurrent metastatic osteosarcoma.
- Phase 2b trial data for OST-HER2 expected during week of JP Morgan Healthcare Conference in January 2025.
- 95% of investment from pre-IPO and/or IPO investors; $6M provides cash runway into 2026.