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BLPH - Bellerophon Therapeutics to raise $5M in stock and warrants offering
Bellerophon Therapeutics Inc.
2023-03-06 08:44:37 ET
Bellerophon Therapeutics ( NASDAQ: BLPH ) entered into a subscription agreement with a life sciences-focused institutional investor to sell, in a registered direct offering, 718,474 shares at $2/share and 1.78M prefunded warrants at a price of $1.99/pre-funded warrant for total gross proceeds of ~$5M.
Net proceeds to be used for its REBUILD Phase 3 study and for working capital and general corporate purposes.