2023-04-26 09:09:07 ET
- Biotechnology company Awakn Life Sciences ( OTCQB:AWKNF ) said on Wednesday that it is launching an up to $3M units offering.
- The non-brokered private placement financing will see the issuance of up to 6.5M units at $0.46 per unit.
- The company has closed the first tranche of the offering, with the issuance of 2.39M units for gross proceeds of $1.1M.
- Each unit comprises of one share and three quarters of one share purchase warrant.
- Each warrant entitles the holder to acquire one share at $0.63 per share.
- The proceeds will be used to fund the company's general working capital.
- Source: Press Release
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Awakn Life Sciences launches up to $3M units offering