other material
confidence high
sentiment neutral
materiality 0.60
Inhibitor Therapeutics enters $3M private placement; sells 12M shares and warrants
Inhibitor Therapeutics, Inc.
- Company to sell 12,000,000 shares of common stock at $0.25/share to an institutional investor, raising $3M.
- Investor receives warrants to purchase up to 7,000,000 shares at $0.35/share, exercisable for 3 years.
- Proceeds from the private placement will be used for working capital and general corporate purposes.
- Shares and warrant shares are subject to a 9-month lock-up agreement that restricts resale.
- Closing has not yet occurred; expected within a reasonable time after the filing date.