Nelson Cabatuan
replacing Lexaria’s former CFO, Nelson Cabatuan who resigned effective July 15, 2024
Highest-materiality recent filing
Lexaria Bioscience receives Nasdaq bid price deficiency notice; 180 days to cure
Received Nasdaq deficiency notice on Feb 4, 2026 for failing to meet $1.00 min bid price (Rule 5550(a)(2)).
Lexaria Bioscience shareholders elect all director nominees, ratify auditors at annual meeting
All seven director nominees elected: highest vote % John Docherty (96.4%), lowest Albert Reese Jr. (73.6%).
Lexaria raises $3.5M in registered direct offering with warrants
Issued 2,661,600 shares at $1.315/share, gross proceeds ~$3.5M.
Lexaria closes $4M registered direct offering of 2.67M shares at $1.50 with warrants at $1.37
Closed on Sept 29, 2025: gross proceeds of $4.0M from 2,666,667 shares at $1.50 and warrants.
Lexaria Bioscience terminates $5M equity distribution agreement with JonesTrading
Terminated Capital on Demand Sales Agreement with JonesTrading effective September 19, 2025.
Lexaria expands GLP-1-H24-4 trial with 5th tirzepatide arm
Added 5th study arm investigating DehydraTECH-tirzepatide capsules in GLP1-H24-4 diabetes trial.
Lexaria raises $2M via registered direct offering of common stock and pre-funded warrants
Gross proceeds $2M from sale of 2M shares/pre-funded warrants at $1.00 per share to one institutional investor.
Lexaria reduces at-the-market equity facility from $20M to $5M
Amended Capital on Demand Sales Agreement with JonesTrading; maximum aggregate principal amount reduced to $5M from $20M.
Lexaria shareholders re-elect all directors; McKechnie gets 54% support, Baxter 62%
Annual meeting on Jan 14, 2025: 9,761,279 shares (55.93% of outstanding) represented.
New agreement effective Jan 1, 2025, replaces prior 2022 pact; Docherty remains President and Chief Scientific Officer.
Lexaria Bioscience signs ~AUD$5.1M clinical study agreement with Novotech for GLP-1-H24-4 trial
Effective Dec 2, 2024: Novotech as CRO for DehydraTECH Cannabidiol + GLP-1 agonists in pre- and Type II Diabetes.
Lexaria Bioscience sets Jan 14, 2025 annual/special meeting; director nomination deadline Nov 25
Joint Annual and Special Meeting scheduled for January 14, 2025.
Lexaria raises $5M via registered direct offering and private placement of warrants
Gross proceeds of $5.0M from sale of 1,633,987 shares at $3.06/share plus 4,551,019 warrants exercisable at $3.06.
Lexaria Bioscience appoints Michael Shankman as CFO, effective Oct 1, 2024
Michael Shankman, CPA, replaces resigned CFO Nelson Cabatuan; CEO Richard Christopher had been interim principal financial officer.
Lexaria appoints Richard Christopher as CEO; Bunka transitions to Chairman
Richard Christopher, 54, appointed CEO effective Aug 31, 2024; he also serves as interim CFO until new CFO is hired.
Lexaria Bioscience enters $20M at-the-market equity sales agreement with JonesTrading
Up to $20M of common stock may be sold from time to time through Agent JonesTrading as ATM offering.
CFO Nelson Cabatuan resigned effective July 15; becomes Chief Strategic Financial Advisor; 150k unvested options expire, vested 50k options reduced to July 2026.
Lexaria exercises warrants for ~$4.4M, issues new warrants with $4.75 strike
Existing investor exercises 2,917,032 warrants for ~$4.4M; gross proceeds ~$4.7M including new warrant consideration.
Lexaria Bioscience shareholders elect all six directors and ratify auditor at annual meeting
All six director nominees elected with 85-99% support: Bunka, Docherty, Baxter, McKechnie, Reese Jr., Turkel.
Lexaria Bioscience amends Japanese license deal; lowers minimum fees, drops exclusivity
Original exclusive perpetual license with Premier becomes non-exclusive, ending Aug 31, 2025.
Lexaria Bioscience appoints Nelson Cabatuan as CFO effective March 14, 2024
Nelson Cabatuan, age 46, replaces temporary outsourced CFO services from NOW CFO.
Lexaria Bioscience receives FDA clearance for Phase 1b hypertension trial HYPER-H23-1
FDA issued 'Study May Proceed' letter on Feb 29, 2024, for Lexaria's Investigational New Drug application.
Lexaria raises $3.6M in registered direct offering and private placement
Gross proceeds of ~$3.6M from issuance of 1,558,443 shares at $2.31/share and pre-funded warrants at $2.3099.
Lexaria files IND with FDA for phase 1b hypertension trial of DehydraTECH-CBD
Submitted IND to FDA on Jan 29, 2024, for phase 1b trial HYPER-H23-1 in stage 1 or 2 hypertension.
Stock recovered above $1, avoiding reverse split; October capital raise on less punitive terms.
replacing Lexaria’s former CFO, Nelson Cabatuan who resigned effective July 15, 2024
Richard Christopher, the Company’s Chief Executive Officer who assumed the responsibilities as the Company’s principal financial officer on an interim basis, relinquished those responsibilities to Mr. Shankman.
Effective October 1, 2024, Michael Shankman, age 64, has been appointed to the position of Chief Financial Officer of Lexaria Bioscience Corp.
appointed Richard Christopher, age 54, to the position of Chief Executive Officer
replacing Christopher Bunka who will remain as the Company’s Chairman of the Board and as a strategic advisor
Effective on July 15, 2024, Mr. Nelson Cabatuan resigned from his position as the Company’s Chief Financial Officer in order to focus his attention on corporate finance and strategic industry relationships for Lexaria as its Chief Strategic Financial Advisor.
Effective March 14, 2024, Nelson Cabatuan, age 46, has been appointed to the position of Chief Financial Officer of Lexaria Bioscience Corp.
Max materiality 0.75 · Median 0.55 · Most common event other_material