Matinas BioPharma Announces Agreement for the Acquisition of Preferred Stock and Appointment of Dr. Robin L. Smith to the Board of Directors
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Matinas BioPharma Holdings, Inc. (NYSE American: MTNB) has entered into a securities purchase agreement to sell 3,300 shares of Series C Convertible Preferred Stock and warrants for $3.3 million. Additionally, Dr. Robin L. Smith has been appointed to the Board of Directors.
February 13, 2025 | 10:15 pm
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Matinas BioPharma has secured $3.3 million through the sale of Series C Convertible Preferred Stock and warrants, potentially strengthening its financial position. The appointment of Dr. Robin L. Smith to the Board may also bring strategic insights.
The $3.3 million capital raise through the sale of preferred stock and warrants is a positive financial move, providing Matinas BioPharma with additional resources. The appointment of Dr. Robin L. Smith to the Board could enhance strategic decision-making, potentially benefiting the company's future operations.
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