other material
confidence high
sentiment neutral
materiality 0.60
Bioxytran raises $600K in private placement for Covid-19, lung fibrosis clinical trials
BIOXYTRAN, INC
- Issued 1.4M shares at $0.4286/share to an accredited investor for gross proceeds of $600,000.
- Net proceeds of $576,000 after 4% placement agent fee paid to WallachBeth Capital.
- Proceeds intended for down-payment on human trials of ProLectin-M (oral) for Covid-19 and ProLectin-I (IV) for lung fibrosis.
- Shares offered on best-efforts basis; no minimum offering amount; funds available immediately upon acceptance.