Eledon Pharmaceuticals Swaps Shares for Pre-Funded Warrants in Private Exchange

Reuters01-03
Eledon Pharmaceuticals Swaps Shares for Pre-Funded Warrants in Private Exchange

Eledon Pharmaceuticals Inc. announced it has entered into an exchange agreement with Coastlands Capital Partners LP, under which Coastlands exchanged 4,203,764 shares of Eledon’s common stock for a pre-funded warrant to purchase the same number of shares. The warrant is exercisable immediately at an initial exercise price of $0.001 per share, subject to certain adjustments, and includes beneficial ownership limitations to prevent the holder from exceeding specified ownership thresholds. The transaction was completed without registration under the Securities Act of 1933, relying on the exemption provided by Section 3(a)(9).

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. Eledon Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-000968), on January 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment