OS therapies (OSTX) introduced that it has entered into securities buy agreements with traders to promote 1.5 million items at a worth of $4.00 per unit, every unit consisting of 1 collection senior convertible most well-liked share A, initially convertible into one frequent share and one warrant. to buy one share of frequent inventory, which is anticipated to supply the Firm with gross proceeds of $6 million, earlier than deducting providing bills. The conversion worth of the popular shares into frequent shares is $4.00 and the train worth of the warrants is $4.40 per share. The personal placement is anticipated to shut on or about December 27, topic to customary closing circumstances. Brookline Capital Markets, a division of Arcadia Securities, served as placement agent and Ceros Monetary Companies was engaged as the location agent’s chosen broker-dealer.
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