other material
confidence high
sentiment neutral
materiality 0.65
Intensity Therapeutics prices $2.35M public offering of common stock and warrants
INTENSITY THERAPEUTICS, INC.
- 3,133,333 shares and two series of warrants priced at $0.75 per unit; gross proceeds ~$2.35M.
- Net proceeds of ~$1.9M after 7% placement agent fee and expenses.
- Series B-1 warrants ($0.85 exercise, 5-yr term) and B-2 warrants ($0.85, 18-mo term).
- Proceeds for INVINCIBLE-4 patient enrollment, INVINCIBLE-3 treatment, and working capital.
- Offering expected to close April 28, 2025; A.G.P. and Brookline Capital Markets as placement agents.