other material
confidence high
sentiment neutral
materiality 0.60
Indaptus raises $2.25M in private placement of stock and warrants at $1.065/unit
Indaptus Therapeutics, Inc.
- Gross proceeds of $2.25M from sale of 2,109,383 shares and warrants to purchase 2,109,383 shares (combined price $1.065/unit).
- Warrants exercisable at $0.94, immediately exercisable, five-year term; proceeds for R&D and working capital.
- Placement agent Paulson Investment receives 7% fee and warrants for 147,656 shares at $1.175.
- Closing expected on or about January 15, 2025; securities unregistered, sold under Rule 506(b).
- Company to file resale registration statement within 60 days, effective within 90 days after closing.