other_material
confidence high
sentiment neutral
materiality 0.70
Actuate Therapeutics raises ~$4.7M in private placement of common stock and warrants
ACTUATE THERAPEUTICS, INC.
- Gross proceeds of approx. $4.7M from sale of 666,497 shares at $7.00/share and warrants to purchase 666,497 shares.
- Warrants exercisable at $7.00 for 20 days after Milestone Date (FDA Breakthrough Therapy or registration determination for elraglusib).
- Bios 2024 Co-Invest, LP (affiliated with Chairman Dr. Aaron G.L. Fletcher) purchasing 71,428 shares and warrants for ~$500K.
- Closing expected on or before June 30, 2025; proceeds for working capital and general corporate purposes.
- Registration rights agreement requires filing resale registration statement by August 9, 2025.
item 1.01item 3.02item 9.01