other material
confidence high
sentiment neutral
materiality 0.75
Relmada prices $100M underwritten offering of common stock and pre-funded warrants at $2.20/share
RELMADA THERAPEUTICS, INC.
- Priced 40.1M shares of common stock at $2.20/share and pre-funded warrants for 5.3M shares at $2.199/warrant.
- Gross proceeds of ~$100M; net proceeds ~$100M after expenses, expected closing Nov 5, 2025.
- Investors include Janus Henderson, Ferring Ventures, Squadron Capital, Marshall Wace, Spruce Street, OrbiMed, Columbia Threadneedle, Driehaus.
- Company insiders (CEO, CFO, board members) purchasing ~$2.6M in shares at same price.
- Proceeds for working capital, clinical studies, product development, and potential acquisitions.