other material
confidence high
sentiment neutral
materiality 0.60
Phio Pharma raises ~$1.15M in registered direct offering & private placement
Phio Pharmaceuticals Corp.
- Gross proceeds ~$1.15M; net proceeds ~$900K after fees and expenses.
- Sold 437,192 shares at $2.635/share in registered direct offering.
- Concurrent private placement: warrants to purchase 437,192 shares at $2.51, 5-year term.
- Proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acted as placement agent receiving 7.5% fee plus warrants.