other_material
confidence high
sentiment neutral
materiality 0.70
Tharimmune raises $1.225M in private placement of common stock and warrants
Canton Strategic Holdings, Inc.
- Gross proceeds of $1,225,003 from sale of 641,190 common shares, 103,490 pre-funded warrants, and 744,680 common warrants.
- Per-unit price: $1.645 for one share (or pre-funded warrant) plus one common warrant; common warrants exercisable at $1.52/share for 7 years.
- Pre-funded warrants exercisable immediately at $0.001/share; common warrants exercisable after 6 months with 4.99%/9.99% ownership cap.
- Net proceeds to be used for clinical development and working capital; President Street Global acted as placement agent.
- Closing occurred July 31, 2025; securities issued in reliance on Section 4(a)(2) and Rule 506.
item 1.01item 9.01