60 Degrees Pharmaceuticals Announces $4M Private Placement For The Issuance And Sale Of 2,898,551 Shares Of Its Common Stock, Series A Warrants To Purchase Up To 2,898,551 Shares Of Common Stock And Short-Term Series B Warrants To Purchase Up To 2,898,551 Shares Of Common Stock At A Purchase Price Of $1.38 Per Share
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60 Degrees Pharmaceuticals announced a $4M private placement for the sale of shares and warrants, with proceeds intended for working capital, operations, and R&D.
September 04, 2024 | 12:03 pm
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60 Degrees Pharmaceuticals is raising $4M through a private placement involving shares and warrants, priced at $1.38 each. The funds will support working capital, operations, and R&D.
The private placement will provide 60 Degrees Pharmaceuticals with $4M in capital, which is likely to support its operations and R&D efforts. This financial boost could positively impact the company's stock price in the short term as it strengthens its financial position.
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IMPORTANCE 80
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