Artelo Biosciences closes USD 11 million private placement priced at-market under Nasdaq rules

Reuters03-31
<a href="https://laohu8.com/S/ARTL">Artelo Biosciences</a> closes USD 11 million private placement priced at-market under Nasdaq rules
  • Artelo Biosciences closed an at-the-market private placement raising about $11 million in gross proceeds.
  • Offering included 3,188,407 common shares or pre-funded warrants priced at $3.45 per share equivalent.
  • Investors also received warrants to buy up to 6,376,814 shares, representing potential additional gross proceeds of about $20 million if exercised for cash.
  • Net proceeds earmarked for working capital, general corporate purposes, repayment of certain bridge debt.
  • Securities sold in unregistered transaction under Securities Act exemptions.


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