Lipella raises $2M via private placement of pre-funded warrants and warrants

LIPELLA PHARMACEUTICALS INC.

Gross proceeds ~$2M from sale of 1,315,790 pre-funded warrants (exercise $0.001) and 1,315,790 warrants (exercise $1.40) at $1.519/unit.
Warrants immediately exercisable, expire in 3 years; exercise price $1.40 per share.
H.C. Wainwright acted as exclusive placement agent; received 7.5% cash fee, 1% mgmt fee, $50k expense allowance, and 98,684 placement agent warrants.
Company agreed to file resale registration statement within 7 business days, effective within 45-75 calendar days.
Net proceeds intended for working capital and general corporate purposes.

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