other material
confidence high
sentiment neutral
materiality 0.65
60 Degrees Pharmaceuticals closes $1.043M registered direct offering and warrant private placement
60 DEGREES PHARMACEUTICALS, INC.
- Issued 1,021,549 shares at $1.021/share; gross proceeds ~$1.043M.
- Private-placement warrants for up to 2,043,098 shares at $0.771, exercisable for 24 months.
- Net proceeds ~$804k after placement agent fees; H.C. Wainwright acted as agent.
- Proceeds to be used for working capital and general corporate purposes.