other material
confidence high
sentiment positive
materiality 0.55
Cingulate increases ATM offering capacity by $2.86M; receives European patent for ADHD drug CTx-1301
Cingulate Inc.
- Increased maximum aggregate offering of common stock under Sales Agreement from $8.47M to $11.33M; filed prospectus supplement for $2.86M in additional shares.
- Previously sold $8.47M of common stock under the Sales Agreement with H.C. Wainwright & Co.
- European patent (EP 3261625) granted for lead asset CTx-1301 (dexmethylphenidate) for ADHD on August 14, 2024.
- Patent covers up to 30 European territories, including the United Kingdom.