Klotho Neuroscience Sells $15M in Series C Preferred Stock to Sigma9 Capital

Reuters12-09
Klotho Neuroscience Sells $15M in Series C Preferred Stock to Sigma9 Capital

Klotho Neuroscience Inc. has announced it has entered into a Securities Purchase Agreement with Sigma9 Capital, Ltd. for a private placement of 3,400 shares of its newly designated Series C Preferred Stock at $4,400 per share. The transaction, which is an unregistered sale conducted under Section 4(2) of the Securities Act of 1933, is subject to closing conditions including the filing of a Certificate of Designation and completion by December 31, 2025. Each share of Series C Preferred Stock will be convertible into 10,000 shares of common stock, subject to certain ownership and regulatory limitations. No underwriters or sales commissions were involved in the transaction.

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