other material
confidence high
sentiment positive
materiality 0.75
OS Therapies closes $6M private placement; funds operations into 2026
OS Therapies Inc
- Raised $6.05M gross from sale of 1,512,500 units at $4.00/unit; each unit has Series A Convertible Preferred share and a warrant.
- Conversion price of preferred is $4.00; warrant exercise price is $4.40 per share.
- Cash runway expected into 2026; 98% of investment from pre-IPO or IPO investors.
- Data update from OST-HER2 Phase 2b trial in osteosarcoma to be announced during JP Morgan Healthcare Conference week.
- Company entered waiver with ELOC investor Square Gate Capital, including cash payments and issuance of additional shares.