other material
confidence high
sentiment neutral
materiality 0.60
Kairos Pharma raises $3.5M in PIPE offering at $1.40/unit with warrants
Kairos Pharma, LTD.
- Raises $3.5M gross from sale of units at $1.40/Common Unit and $1.399/Pre-Funded Unit.
- Each Common Unit includes 1 share and 1.5 Common Warrants exercisable at $1.40 for 5.5 years.
- Insiders enter 90-day lock-up; registration rights for resale of shares and warrant shares.
- Closing expected January 15, 2025; D. Boral Capital and Boustead Securities as co-placement agents.