Kiora closes private placement for up to USD 24 million led by Perceptive Advisors

Reuters04-07
Kiora closes private placement for up to USD 24 million led by Perceptive Advisors
  • Kiora Pharmaceuticals closed a private placement that could raise up to USD 24 million, including USD 5 million upfront.
  • Perceptive Advisors, new investor, joined ADAR1 Capital Management as sole participants.
  • Structure included common stock or pre-funded warrants priced at USD 2.54 per share, each paired with Tranche A-1 and Tranche A-2 warrants.
  • Milestone-based warrants are immediately exercisable at USD 1.94 per share, representing up to about USD 19 million of additional proceeds.
  • Kiora plans to use upfront proceeds for general corporate purposes, including operations, business development, research and development.


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