Azitra prices private placement for up to USD 31 million

Reuters03-23

Azitra prices private placement for up to USD 31 million

Azitra entered into a securities purchase agreement with new and existing institutional investors for gross proceeds of up to USD 31.4 million.
The transaction includes initial gross proceeds of about USD 10.5 million, plus up to USD 20.9 million upon potential cash exercise of warrants.
Securities sold consist of 10,470 shares of Series A convertible preferred stock and warrants to purchase up to 85,101,201 shares of common stock.
The Series A preferred stock was sold at USD 1,000 per share, and the warrants have an exercise price of USD 0.12 per share.
The issuance was made under exemptions from registration requirements, and Azitra must register the resale of shares issuable upon conversion and warrant exercise.

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. Azitra 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: 0001493152-26-012084), on March 23, 2026, and is solely responsible for the information contained therein.

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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, invest","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AZTR":"Azitra Inc","BK4139":"生物科技"},"translate_title":"Azitra私募定价高达3100万美元","themeId":"ab6e84fb0542480d9cf75cb6a9fe5601","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AZTR":0.9},"content_text":"Azitra prices private placement for up to USD 31 million\n    \n\n\n          Azitra entered into a securities purchase agreement with new and existing institutional investors for gross proceeds of up to USD 31.4 million.\n        \n\n          The transaction includes initial gross proceeds of about USD 10.5 million, plus up to USD 20.9 million upon potential cash exercise of warrants.\n        \n\n          Securities sold consist of 10,470 shares of Series A convertible preferred stock and warrants to purchase up to 85,101,201 shares of common stock.\n        \n\n          The Series A preferred stock was sold at USD 1,000 per share, and the warrants have an exercise price of USD 0.12 per share.\n        \n\n          The issuance was made under exemptions from registration requirements, and Azitra must register the resale of shares issuable upon conversion and warrant exercise.\n        \n\n\n\n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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