Entero Therapeutics Announces Exercise of Warrants and Issuance of New Warrants in a Private Placement for $1.9 Million Gross Proceeds [Yahoo! Finance]
Entero Therapeutics Inc. (ENTO)
Company Research
Source: Yahoo! Finance
biopharmaceutical company specializing in the development of targeted, non-systemic therapies for gastrointestinal (GI) diseases, today announced it has entered into agreements with certain holders of its existing warrants exercisable for 1,762,674 shares of its common stock, in the aggregate, to exercise their warrants at a reduced exercise price of $1.09 per share, in exchange for new warrants as described below. The aggregate gross proceeds from the exercise of the existing warrants is expected to total approximately $1,921,315, before deducting financial advisory fees. The reduction in the exercise price of the existing warrants and the issuance of the new warrants was structured as an at-market transaction under Nasdaq rules. Roth Capital Partners is acting as the Company's financial advisor for this transaction. The shares of common stock issuable upon exercise of the existing warrants are registered for resale pursuant to a resale registration statement on Form S-3 (File No
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ENTO
News
- Entero Therapeutics Signs Letter of Intent to License and Commercialize Remote Patient and Machine Vision Clinical Trial Management Platform from Data Vault HoldingsGlobeNewswire
- Entero Therapeutics, Inc. Receives Nasdaq Notification Regarding Delayed Form 10-QGlobeNewswire
- Entero Therapeutics' Chairman and CEO James Sapirstein Provides Business Update with Focus on Latiglutenase Development Program [Yahoo! Finance]Yahoo! Finance
- Entero Therapeutics’ Chairman and CEO James Sapirstein Provides Business Update with Focus on Latiglutenase Development ProgramGlobeNewswire
- Entero Therapeutics Announces Exercise of Warrants and Issuance of New Warrants in a Private Placement for $1.9 Million Gross ProceedsGlobeNewswire
ENTO
Sec Filings
- 9/11/24 - Form 8-K
- 9/10/24 - Form 8-K
- 9/3/24 - Form 8-K
- ENTO's page on the SEC website