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Vitality Biopharma secures $5M equity line; S-1 effective, DTC eligible
RANGE IMPACT, INC.
- SEC declared Form S-1 effective on Sept 2, 2021, registering shares for resale by Triton Funds under a $5M equity line.
- Proceeds from the equity line will fund pre-clinical studies of lead prodrug VBX-100 and general corporate purposes.
- VBX-100, a glycosylated cannabinoid, received FDA Orphan Drug Designation for pediatric ulcerative colitis.
- Common shares deemed DTC eligible effective July 1, 2021, enabling electronic clearing and settlement.
- Only Triton Funds LP may use the prospectus to resell shares under the registration statement.