debt
confidence high
sentiment neutral
materiality 0.40
Shuttle Pharma closes second tranche of $1.3M note offering, total $790K raised
Shuttle Pharmaceuticals Holdings, Inc.
- Second closing on Oct 21 added $220K net proceeds ($231,579 in Notes) from two accredited investors.
- Investors received 88,544 warrants exercisable at $1.49/share (125% of prior closing price).
- CEO Dr. Anatoly Dritschilo invested $237,500 in the first closing on Oct 14.
- Total offering gross proceeds $790K; Notes carry 5% OID and are senior secured convertible.