2023-08-03 08:45:03 ET
- Bio-Path Holdings ( NASDAQ: BPTH ) has announced the pricing of a public offering of 3.5M shares of common stock, together with accompanying purchase of warrants, at a price to the public of $0.60/share for aggregate gross proceeds of ~$2.1M.
- Each share of common stock is being sold in the offering together with a common stock purchase warrant to purchase one share of common stock at an exercise price of $0.60 per share.
- The common stock purchase warrants are exercisable immediately and will expire five years from the date of issuance.
- Bio-Path currently intends to use the net proceeds from the offering for working capital and general corporate purposes.
- The offering is expected to close on or about August 7, 2023.
- BPTH -36.4% premarket to $0.48.
For further details see:
Bio-Path prices 3.5M shares at $0.60 in public offering