other material
confidence high
sentiment neutral
materiality 0.60
Kairos Pharma closes $3.5M PIPE offering of pre-funded units and warrants
Kairos Pharma, LTD.
- Sold 2,500,000 Pre-Funded Units at $1.399/unit, raising gross proceeds of $3,497,500.
- Each Pre-Funded Unit includes a pre-funded warrant (exercise $0.001) and 1.5 common warrants (exercise $1.40).
- Amended agreement requires shareholder approval before issuing >19.99% of common stock.
- Placement agents Boustead and D. Boral receive 8% cash commission plus warrants for 175,000 shares at $1.40.
- Offering closed on January 16, 2025; securities sold under Section 4(a)(2) and Rule 506(b).