other_material
confidence high
sentiment neutral
materiality 0.50
GT Biopharma expands private placement to $5.95M, adds new investor Marzilli
GT Biopharma, Inc.
- Increased Series L preferred offering to 6,612 shares ($5.95M) from 6,056 shares ($5.45M) via First Amendment on May 21, 2025.
- Added Robert A. Marzilli as new purchaser; Majority Purchasers (Five Narrow Lane, Bristol Capital) consented.
- Filed Certificate of Increase raising authorized Series L shares from 28,056 to 30,630.
- Greenshoe right: Purchasers may buy up to $24.0M additional preferred stock on same terms.
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