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Earlier Biora Therapeutics Announced A $6M Registered Direct Offering Of 5,454,548 Shares Of Common Stock At A Price Of $1.10 Per Share

Author: Benzinga Newsdesk | April 01, 2024 01:19pm

Biora Therapeutics, Inc. (NASDAQ:BIOR), the biotech company that is reimagining therapeutic delivery, today announced that it has entered into definitive agreements for the purchase and sale of 5,454,548 shares of the Company's common stock at an offering price of $1.10 per share of common stock in a registered direct offering priced at-the-market under Nasdaq rules. In addition, in a concurrent private placement, the Company will issue unregistered warrants to purchase up to 5,454,548 shares of common stock. The warrants have an exercise price of $1.10 per share, will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants, and will expire five years from the date of stockholder approval. The closing of the offering is expected to occur on or about April 3, 2024, subject to the satisfaction of customary closing conditions.

 

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

Posted In: BIOR

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