other material
confidence high
sentiment neutral
materiality 0.65
Moleculin Biotech raises ~$9.3M in public offering of common stock and warrants
Moleculin Biotech, Inc.
- Gross proceeds of ~$9.3M from sale of 12.4M shares and warrants at $0.75 per unit.
- Warrants exercisable at $0.75 for five years; pre-funded warrants at $0.001.
- Proceeds to fund Annamycin clinical development and working capital.
- Lock-up agreements for officers/directors for 60 days; 45-day ban on further equity issuances.
- Placement agent fees: 6.5% to Roth Capital, 1% to Maxim Group.