other material
confidence high
sentiment positive
materiality 0.60
Sunshine Biopharma closes $2.46M registered direct offering of common stock and pre-funded warrants
Sunshine Biopharma Inc.
- Gross proceeds of approximately $2.46M from sale of 1,188,404 shares of common stock (or pre-funded warrants) at $2.07 per share.
- Net proceeds of approximately $1.8M after deducting offering expenses; funds to be used for general corporate purposes and working capital.
- Pre-funded warrants exercisable immediately at $0.001 per share; expire when exercised in full.
- Offering closed on April 3, 2025; Aegis Capital acted as exclusive placement agent.
- Pricing was at the market under Nasdaq rules; shelf registration statement effective January 15, 2025.