debt
confidence high
sentiment neutral
materiality 0.65
Shuttle Pharma closes $600K convertible note offering; CEO invests $237.5K
Shuttle Pharmaceuticals Holdings, Inc.
- Closed $600,000 of an up to $1.3 million senior secured convertible note and warrant offering.
- CEO Anatoly Dritschilo invested $237,500 in the offering.
- Notes carry 5% OID, 14.5% interest, 1-year term, convertible at 110% premium; prepayable at 107%.
- Warrants for 45% of conversion shares, exercisable at 125% of prior day's closing price.