other material
confidence high
sentiment neutral
materiality 0.55
Akari Therapeutics raises $2.5M in registered direct offering and warrant issuance
Akari Therapeutics Plc
- Gross proceeds of $2.5M from sale of 3,125,000 ADSs at $0.80 per ADS; Ladenburg Thalmann as placement agent.
- Concurrent private placement: Series E (5-year) and Series F (30-month) warrants to purchase up to 3.125M ADSs each at $0.98 exercise price; exercisable upon shareholder approval.
- Proceeds to fund working capital, general corporate purposes, and R&D; includes generating data on ADC payload AKTX-101 for SITC meeting.
- Offering expected to close on or about October 16, 2025, subject to customary closing conditions.