2023-08-10 09:15:50 ET
- 180 Life Sciences Corp ( NASDAQ: ATNF ) shares fell 21% on Thursday after it announced pricing of a public offering of 4,615,385 shares of company’s common stock and warrants to purchase up to 4,615,385 shares of common stock at purchase price per share of $0.65.
- The gross proceeds from the offering are expected to be about $3 million.
- The warrants will be immediately exercisable at an exercise price of $0.65 per share and will expire October 10, 2028.
- The closing of the offering is expected to occur on or about August 14, 2023.
- The company intends to use the net proceeds for research and development expenses and general corporate purposes.
- Source: Press Release
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180 Life Sciences shares down after announcing pricing of $3M public offering