other material
confidence high
sentiment neutral
materiality 0.50
60 Degrees Pharmaceuticals prices $1.0M private placement of common stock and warrants at $1.74/share
60 DEGREES PHARMACEUTICALS, INC.
- Private placement of 574,713 shares (or pre-funded warrants) plus series A and B warrants to purchase up to 574,713 shares each, at $1.74 per unit.
- Gross proceeds ~$1.0M; net proceeds for working capital and general corporate purposes.
- Warrants exercisable at $1.49/share; series A expire 5 years, series B expire 24 months from effective date of resale registration.
- Closing expected July 31, 2026; H.C. Wainwright acted as exclusive placement agent.
- Securities offered under Section 4(a)(2) and Regulation D; company to file resale registration statement.