other material
confidence high
sentiment neutral
materiality 0.65
Indaptus Therapeutics prices $2.135M offering of stock and warrants at $1.175/unit
Indaptus Therapeutics, Inc.
- Sold 1,817,017 shares of common stock and warrants to buy 1,817,017 shares at $1.175 per unit.
- Warrants exercisable at $1.05/share, immediately exercisable, 5-year term; gross proceeds ~$2.135M.
- CEO participating, purchasing 42,553 shares and warrants on same terms as other investors.
- Funds to be used for R&D, working capital, and general corporate purposes.
- Closing expected November 25, 2024; Paulson Investment Company acting as exclusive placement agent.