XORTX Announces Pricing of US$1.5 Million Registered Direct Offering and Concurrent Private Placement
XORTX Therapeutics Inc. (XRTX)
Company Research
Source: GlobeNewswire
CALGARY, Alberta, Oct. 17, 2024 (GLOBE NEWSWIRE) -- XORTX Therapeutics Inc. ("XORTX" or the “Company”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU), a late-stage clinical pharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, announces that it has entered into securities purchase agreements with institutional investors for the purchase and sale of 810,810 common shares (or common share equivalents in lieu thereof) in a registered direct offering and common warrants to purchase up to 810,810 common shares in a concurrent private placement (together with the registered direct offering, the “Offering”) at a combined purchase price of US$1.85 per common share. The common warrants issued pursuant to the concurrent private placement will have an exercise price of US$2.18, will be immediately exercisable and will expire five years from issuance. The closing of the Offering is expected to occur on or about October 18, 2024, subject to the sat
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XRTX
News
- XORTX Sponsored Study Presented at the American Society of Nephrology – Kidney Week 2024 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- XORTX Sponsored Study Presented at the American Society of Nephrology – Kidney Week 2024GlobeNewswire
- XORTX Announces Closing of US$1.5 Million Registered Direct Offering and Concurrent Private PlacementGlobeNewswire
- XORTX Announces Pricing of US$1.5 Million Registered Direct Offering and Concurrent Private Placement [Financial Post (Toronto, Ontario, Canada)]Financial Post
- XORTX Initiates Precision Medicine Program [Yahoo! Finance]Yahoo! Finance
XRTX
Sec Filings
- 11/15/24 - Form F-1
- 11/15/24 - Form 6-K
- 10/31/24 - Form D
- XRTX's page on the SEC website