other_material
confidence high
sentiment neutral
materiality 0.70
60 Deg Pharma closes $5M public offering, up to $10M with warrant exercise
60 DEGREES PHARMACEUTICALS, INC.
- Gross proceeds $5M from sale of 2,631,578 units (share/pre-funded warrant + warrants) at $1.90/unit.
- Short-term Series A-2 warrants (18-mo term) could add $5M if fully cash-exercised; no guarantee.
- Net proceeds earmarked for working capital and general corporate purposes.
- H.C. Wainwright acted as exclusive placement agent; offering closed July 16, 2025.
- Offering made under effective S-1 filed July 7, 2025 (SEC File No. 333-288550).
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