other material
confidence high
sentiment neutral
materiality 0.50
Cocrystal Pharma raises $1.03M in private placement with four insider investors at $1.39/unit
Cocrystal Pharma, Inc.
- Sold 739,426 units (1 share + 2 warrants) at $1.39/unit for $1.03M to four accredited insider purchasers.
- Warrants exercisable at $1.24/share for 27 months; potential additional $1.83M if fully exercised.
- Insiders include Directors Phillip Frost, Fred Hassan, Richard Pfenniger, and co-CEO/CFO James Martin.
- Proceeds to support clinical antiviral development programs and general working capital.
- Offering exempt under Section 4(a)(2) and Regulation D; no registration rights granted.