other material
confidence high
sentiment neutral
materiality 0.70
ProMIS raises $9.2M via $0.8M registered direct and $2.4M PIPE plus $6.8M warrant exercises
ProMIS Neurosciences Inc.
- Registered direct offering of pre-funded warrants for 984,736 shares at $0.8124 per share, gross ~$0.8M.
- PIPE offering sold warrants for 12,616,821 shares at $0.1875 per warrant, exercise price $1.25, 5-year term, gross ~$2.4M.
- Total gross proceeds of ~$9.2M including $6.8M from exercise of existing warrants; closings expected July 24, 2025.
- Proceeds to advance clinical development of lead candidate PMN310 for Alzheimer's disease and for working capital.