60 Degrees Pharmaceuticals prices $7.5M IPO of 1.4M units at $5.30/unit; shares begin trading July 12

60 DEGREES PHARMACEUTICALS, INC.

IPO of 1,415,095 units priced at $5.30/unit; each unit = 1 share + 1 tradeable warrant ($6.095 exercise) + 1 non-tradeable warrant ($6.36 exercise).
Gross proceeds ~$7.5M; net proceeds ~$7.5M after underwriter discounts and expenses; net used for clinical studies and working capital.
Shares and tradeable warrants began trading on Nasdaq on July 12 under symbols SXTP and SXTPW; underwriter over-allotment partially exercised.
IPO closed on July 14, 2023; WallachBeth Capital acted as sole bookrunner; officers/directors subject to 180-day lock-up through Jan 11, 2024.

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