other
confidence high
sentiment neutral
materiality 0.60
Akari prices $2.5M registered direct offering of ADSs and warrants at $0.80/unit
Akari Therapeutics Plc
- Issued 3,125,000 ADSs (each representing 2,000 ordinary shares) and Series E/F warrants to purchase up to 3,125,000 ADSs each, all at $0.80 per unit.
- Gross proceeds expected ~$2.5M; closing on or about Oct 16, 2025.
- Warrants exercisable at $0.98 per ADS upon shareholder approval; 5-year term for Series E, 30-month for Series F.
- Net proceeds for working capital, general corporate purposes, and R&D on novel ADC payload.
- Placement agent Ladenburg Thalmann receives 7.2% fee plus warrants for 125,000 ADSs at $1.00.