Sep. 8 at 10:32 PM
$RGBP An SEC Form 253G1 for an "Offering Circular Supplement No.1" has been filed today with a change to the offering. The offering is still for the sale of 25,000,000 shares of common stock, but the price and the potential proceeds have changed. The updated change to the offering is now for 25M shares at 1 cent (.01) per share for
$250,000 cash proceeds to be raised from this offering, instead of 10 cents per share for
$2,500,000. I guess only because that is more in alignment with what the current market price is with the stock. It's disappointing to see this change, but others here were correct in saying that the original offer for 10 cents was priced too high. So, with the proceeds from the other two recent promissory loan notes that would potentially provide the company with around
$450,000 to start working with for the Phase I trial. I know it's not the optimal best funding situation, but we need to at least just get this trial started!👍
Link to filing:
https://www.sec.gov/Archives/edgar/data/1589150/000164117225026822/form253g1.htm