other material
confidence high
sentiment neutral
materiality 0.60
Ensysce Biosciences closes $1.1M registered direct offering and private placement of warrants
Ensysce Biosciences, Inc.
- Gross proceeds of approximately $1.1M from sale of 315,188 shares (or equivalents) at $3.49/share.
- Concurrent private placement: Series A-5 warrants (18-month term) and Series A-6 warrants (5-year term), each exercisable at $3.24/share.
- Net proceeds of ~$0.9M to fund TAAP and MPAR program development and working capital.
- H.C. Wainwright acted as exclusive placement agent; placement agent warrants for 22,063 shares at $4.3625/share.
- 30-day lock-up on further equity issuance and insider sales; beneficial ownership limitation of 4.99% (or 9.99%) on warrant exercise.