Jan. 5 at 6:49 PM
Estrella Immunopharma announced definitive agreements for a registered direct offering and a concurrent private placement totaling
$8 million. The market-priced transaction consists of 5,063,290 units at
$1.58 per unit, with each unit including one common share or a pre-funded warrant and 1.5 investor warrants exercisable at
$1.39 per share.
The offering involves a single healthcare-focused institutional investor and is expected to close around January 6, 2026, subject to customary conditions. Aegis Capital Corp is serving as the exclusive placement agent. Proceeds will be used for general corporate purposes and working capital.
The company said the stock decline reflects typical market reaction to potentially dilutive equity offerings. Pre-funded warrants are immediately exercisable at a nominal price, while investor warrants carry a
$1.39 exercise price.
$ESLA