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Aadi Bioscience ( NASDAQ: AADI ) has entered into a securities purchase agreement with a new accredited investor and certain existing investors to issue and sell an aggregate of ~3.37M shares at a price of $12.50 per share, and pre-funded warrants to purchase up to an aggregate of ~2.43M shares at purchase price of $12.4999 per pre-funded warrant share, through a private investment in public equity financing.
Gross proceeds to be ~$72.5M.
Financing is expected to close on September 26, 2022.