other_material
confidence high
sentiment neutral
materiality 0.65
Cocrystal Pharma announces up to $13M registered direct offering at $1.70/share
Cocrystal Pharma, Inc.
- $4.7M upfront from sale of 2,764,710 shares at $1.70; closing expected Sep 15, 2025.
- Concurrent private placement of warrants to purchase up to 5,529,420 shares at $1.50, exercisable on issuance, 24-month term.
- Potential additional gross proceeds of ~$8.3M if warrants fully exercised on cash basis.
- H.C. Wainwright & Co. acting as exclusive placement agent.
- Net proceeds to be used for working capital and general corporate purposes.
item 7.01item 9.01