Windtree raises $2.5M via Series D convertible preferred at $1.368/share conversion price

WINDTREE THERAPEUTICS INC /DE/

Private placement of 3,125 Series D convertible preferred shares for aggregate gross proceeds of approximately $2.5 million.
Conversion price set at $1.368 per share; 10% annual dividend (18% upon trigger events).
Company will seek stockholder approval for common shares issuable upon conversion.
90-day restriction on further equity issuances; mandatory redemption of existing Series C preferred and notes from future equity line proceeds.
Registration rights agreement requires filing resale registration statement within 15 days of closing.

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