PharmaCyte Biotech Secures $7 Million Through Private Placement Led by Existing Investors

Reuters08-18

<a href="https://laohu8.com/S/PMCB">PharmaCyte Biotech</a> Secures $7 Million Through Private Placement Led by Existing Investors

PharmaCyte Biotech Inc. has announced a $7 million capital raise through a securities purchase agreement with existing investors. The financing involves the sale of 7,000 shares of newly designated Series C convertible preferred stock, each valued at $1,000, convertible into 7,000,000 shares of common stock. Additionally, unregistered common stock purchase warrants are included, allowing the purchase of up to 7,000,000 shares of common stock. The private placement, led by GP Nurmenkari Inc. as the sole placement agent, is expected to close on or about August 19, 2025. This move is seen as a strong vote of confidence in PharmaCyte's future, enhancing its financial position and allowing the company to pursue strategic alternatives aimed at maximizing long-term shareholder returns.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PharmaCyte Biotech Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250818528622) on August 18, 2025, and is solely responsible for the information contained therein.

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