HOPE Therapeutics™, Inc. and NRx Pharmaceuticals, Inc. (NASDAQ:NRXP) Announce Signing of Binding Term Sheet for $27 Million in Funding for HOPE Clinic Acquisitions and Pharmaceutical Operations
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HOPE Therapeutics and NRx Pharmaceuticals have signed a binding term sheet for $27 million in funding. This includes $25 million in Series A Preferred Stock for HOPE Therapeutics, convertible into equity, with a 15% dividend, to support clinic acquisitions and NRx operations.
January 06, 2025 | 3:30 pm
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NRx Pharmaceuticals is involved in a $27 million funding deal with HOPE Therapeutics, which includes $25 million in Series A Preferred Stock for HOPE. This funding is non-dilutive to NRXP shareholders and supports NRx operations.
The funding deal is beneficial for NRx Pharmaceuticals as it supports their operations without diluting shareholder value. The involvement in a significant funding round is likely to positively impact the stock price.
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