other material
confidence high
sentiment neutral
materiality 0.50
Phio raises $1.83M via registered direct offering and warrant private placement
Phio Pharmaceuticals Corp.
- Sold 610,000 shares at $3.00 each; issued warrants for 1,220,000 shares at $3.00 exercisable for 24 months.
- Gross proceeds $1.83M; net ~$1.6M after fees; proceeds to be used for working capital and general corporate purposes.
- H.C. Wainwright acted as placement agent; offering closed January 17, 2025.
- Unregistered warrants issued under Section 4(a)(2); Company must register underlying shares within 30 days.