other material
confidence high
sentiment neutral
materiality 0.70
OS Therapies completes $5.25M registered direct offering, expects $4M non-dilutive funds from UK subsidiary
OS Therapies Inc
- Gross proceeds $5.25M; net proceeds ~$4.7M from offering of 2.5M shares (or pre-funded warrants) and 3.8M common warrants at $1.40/share.
- Expects ~$2M VAT refunds from UK sub. in Q2 2026 and ~$2M R&D tax credits in H2 2026.
- Combined funding expected to extend cash runway into 2027.
- Targets OST-HER2 regulatory approvals (US FDA, UK MHRA, EU EMA) in H2 2026.
- 90-day lockup on further equity issuance; Ceros received 7% fee and warrants at $1.54.