other material
confidence high
sentiment positive
materiality 0.75
PharmaCyte Biotech raises $70M in registered direct offering and private placement
PharmaCyte Biotech, Inc.
- Gross proceeds ~$70M from sale of 8.43M shares and 5.57M pre-funded warrants at $5.00 per share.
- Unregistered Series A warrants for 7M shares at $5.00, exercisable immediately, 5-year term.
- Net proceeds to address FDA clinical hold on IND for Phase 2b trial in pancreatic cancer and fund trial.
- H.C. Wainwright acting as exclusive placement agent; closing expected on or about August 23, 2021.