other_material
confidence high
sentiment neutral
materiality 0.70
Cocrystal Pharma closes $4.7M registered direct offering with warrant coverage
Cocrystal Pharma, Inc.
- Gross proceeds of ~$4.75M from sale of 2,764,710 shares at $1.70 each.
- Warrants issued to purchase 5,529,420 shares at $1.50, potential additional $8.3M.
- Net proceeds for working capital and antiviral drug development.
- H.C. Wainwright acted as placement agent; warrants expire 24 months after resale registration effective.
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