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Stock impact report

Cadrenal Therapeutics Announces Exercise of Warrants for $4.7 Million Gross Proceeds [Yahoo! Finance]

Cadrenal Therapeutics, Inc. (CVKD) 
Company Research Source: Yahoo! Finance
developing tecarfarin, a late-stage novel oral and reversible anticoagulant (blood thinner) for certain rare medical conditions, today announced the entry into a definitive agreement for the immediate exercise of certain outstanding warrants to purchase up to an aggregate of 285,715 shares of common stock of the originally issued in July 2023 , having an exercise price of per share, at a reduced exercise price of per share. The shares of common stock issuable upon exercise of the warrants are registered pursuant to an effective post-effective amendment no. 1 to registration statement on Form S-1 on Form S-3 (No. 333-273384). The offering is expected to close on or about November 4, 2024 , subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering. In consideration for the immediate exercise of the warrants for cash, the Company will issue new unregistered Series A-1 warrants to purchase up to 285,7 Show less Read more
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