Salarius completes acquisition of Decoy Therapeutics, raises ~$6.3M in public offering

Decoy Therapeutics Inc.

Closed merger with Decoy Therapeutics on Nov 12; issued Series A/B Preferred Stock convertible at 2,800:1 ratio post-anti-dilution adjustment.
Public offering priced at $1.50/unit (common + Series A/B warrants); net proceeds ~$6.3M, closed Nov 12.
Frederick Pierce (Decoy CEO) appointed CEO, replacing Mark Rosenblum who remains CFO; Dr. Barbara Hibner as CSO, Peter Marschel as CBO.
Board change: Pierce appointed Class II director; Bruce McCreedy resigned, not due to any disagreement.
Warrants: Series A (5-yr term, $1.50 exercise), Series B (1-yr term, $1.50), Pre-funded ($0.0001). Representative warrants also issued.

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Source: SEC EDGAR

accession 0001615219-25-000162

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