Shuttle Pharmaceuticals closes USD 3.5 million public offering

Reuters03-12

Shuttle Pharmaceuticals closes USD 3.5 million public offering

Shuttle Pharmaceuticals announced a public offering expected to raise gross proceeds of about 3.5 million, before fees and expenses. The company agreed to issue 2,238,800 common shares and pre-funded warrants to buy 4,761,200 common shares. E.F. Hutton is serving as exclusive placement agent for the offering. Shuttle Pharmaceuticals said it plans to allocate up to 1.5 million of net proceeds to future marketing and the remainder to working capital and general corporate purposes.

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. Shuttle Pharmaceuticals Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603120830PRIMZONEFULLFEED9670429) on March 12, 2026, and is solely responsible for the information contained therein.

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