Feb. 6 at 11:21 AM
$NTHI NeOnc’s recently announced PIPE financing provides insight into the Company’s capital strategy and institutional support.
The transaction consists of:
• Up to 2.22M shares of common stock
• Five-year warrants exercisable at
$9.00 per share
• Combined purchase price of
$7.20 per share, for up to ~
$16M gross proceeds
Management plans to apply net proceeds primarily toward strengthening the balance sheet and funding ongoing operations, aligning capital deployment with clinical and corporate priorities.
Read more about this exciting news here: https://investors.neonc.com/news-releases/news-release-details/neonc-technologies-secures-strategic-pipe-investment-led-10