other material
confidence high
sentiment neutral
materiality 0.55
60 Degrees Pharma raises $1.075M in registered direct offering plus warrants
60 DEGREES PHARMACEUTICALS, INC.
- Gross proceeds of $1.075 million from registered direct offering of 1,503,500 shares at $0.715 per share.
- Concurrent private placement of warrants to buy 1,503,500 shares at $0.59 per share, exercisable for 24 months.
- Net proceeds of approximately $908,627 after fees; total ~$2.118M raised from offerings since start of 2025.
- H.C. Wainwright acted as exclusive placement agent and received fees and warrants (112,763 warrants at $0.8938).
- Proceeds to be used for working capital and general corporate purposes.