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home / news releases / SBFM - Sunshine Biopharma to sell 5.95M units at $0.84 in private placement

SBFM - Sunshine Biopharma to sell 5.95M units at $0.84 in private placement

Sunshine Biopharma Inc.

2023-05-12 08:46:01 ET

  • Sunshine Biopharma ( NASDAQ: SBFM ) has entered into a securities purchase agreement with a single healthcare-focused institutional investor for aggregate gross proceeds of ~$5M .
  • In connection with the offering, the Co. will issue 5.95M units and pre-funded units at a purchase price of $0.84/unit, priced ATM under Nasdaq rules.
  • Each unit or pre-funded unit consists of one share of common stock and two non-tradable warrants each exercisable for $0.59 for one share of common stock.
  • The offering is expected to close on or about May 16, 2023.
  • SBFM -17.81% premarket to $0.74.

For further details see:

Sunshine Biopharma to sell 5.95M units at $0.84 in private placement
Stock Information
Company Name: Sunshine Biopharma Inc.
Stock Symbol: SBFM
Market: OTC
Website: sunshinebiopharma.com
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