other material
confidence high
sentiment neutral
materiality 0.60
Indaptus raises $24.0M in private placement of 20.3M shares at Nasdaq minimum price plus $0.015
Indaptus Therapeutics, Inc.
- Stock Purchase Agreement dated Sept 8, 2026; 20,338,974 shares for ~$24.0M gross proceeds.
- Per-share price = Nasdaq Minimum Price (lower of prior-day close or 5-day average) + $0.015.
- Proceeds for working capital, R&D, and potential neurotechnology sleep-device preclinical work.
- Closing expected within 15 business days; resale registration statement to be filed post-closing.
- Company has 133,242,324 shares outstanding; warrants for 1,788,729 shares at $19.57 weighted avg.