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 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 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 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.
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 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.
Lexaria's DehydraTECH semaglutide outperforms Rybelsus in human pilot study
DehydraTECH semaglutide showed 43% higher peak blood levels vs Rybelsus; levels higher at all 19 time points.
Lexaria receives Nasdaq bid price deficiency notice; 180-day cure until April 15, 2024
Received Nasdaq notice on Oct 17, 2023 for failing to maintain $1.00 minimum bid price for continued listing on Nasdaq Capital Market.
Lexaria shareholders approve reverse stock split; company granted two Canadian patents
Shareholders approved reverse stock split with ratio between 2:1 and 12:1 (67% for).
Lexaria raises $1.57M in registered direct offering and private placement
Gross proceeds of $1.57M from sale of 889,272 shares at $0.97, pre-funded warrants for 729,058 shares at $0.9699, and private placement warrants for 1,618,330 shares at $0.97.
Lexaria granted three US patents for DehydraTECH in hypertension and nicotine delivery
Issued US Patents #11,666,543 and #11,666,544 for DehydraTECH in treating hypertension.
Lexaria receives Nasdaq bid price deficiency notice; 180 days to regain compliance
Nasdaq letter dated June 22, 2023 cites LEXX not meeting $1.00 bid price requirement.
7% body weight loss maintained over 8 weeks in obese diabetic Zucker rats dosed with DehydraTECH-CBD.
Lexaria Bioscience hires former GW Pharma USA President Julian Gangolli as Strategic Advisor
Julian Gangolli, former President of GW Pharmaceuticals USA, appointed as Strategic Advisor.
Lexaria CEO letter details FDA pre-IND success, new Japan client, no 2022 equity raise
FDA pre-IND meeting cleared path toward formal IND filing for DehydraTECH-CBD hypertension program; Phase 1(b) study expected in 2023.
Pilot study: at 50 mg/kg, only DehydraTECH-CBD showed seizure reduction; at 75 mg/kg, full elimination in 66.6% of animals vs. 50% for Epidiolex.
Lexaria's DehydraTECH-CBD lowers blood pressure in 66-patient hypertension study
Systolic BP reduced up to 5.60 mmHg (p<0.001) over 5 weeks vs. placebo; no serious adverse events.
Lexaria receives positive FDA pre-IND response for DehydraTECH-CBD hypertension program
FDA agreed to 505(b)(2) NDA pathway, typically enabling faster commercial approval.
Lexaria licenses DehydraTECH to AnodGen; pre-IND filed for CBD hypertension
Lexaria subsidiary entered 5-year non-exclusive license with AnodGen for DehydraTECH in Europe, UK, Australia, NZ.
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.
The Company’s Chief Executive Officer, Chris Bunka, will assume the role of principal financial officer at this time.
Effective June 6, 2023, Mr. Gregory Downey was dismissed as the Company’s Chief Financial Officer.
On September 2, 2022 (the “Effective Date”) the board of directors of Lexaria Bioscience Corp., in accordance with Nevada corporate laws, increased the size of the board to six members and appointed Catherine C. Turkel, PharmD, PhD as an additional independent director to hold such position until the next shareholder’s meeting.
Max materiality 0.75 · Median 0.57 · Most common event other_material