Shuttle Pharma Announces Closing of $5.75 Million Underwritten Offering
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Shuttle Pharmaceuticals Holdings, Inc. has closed a $5.75 million underwritten public offering, selling 19,166,667 shares at $0.30 each. The funds will support the company's focus on improving cancer treatment outcomes with radiation therapy.
March 13, 2025 | 8:30 pm
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Shuttle Pharmaceuticals has successfully closed a $5.75 million public offering, issuing 19,166,667 shares at $0.30 each. This capital will aid in advancing their cancer treatment technologies.
The successful closing of the offering provides Shuttle Pharma with significant capital to further its research and development in cancer treatment, which is likely to be viewed positively by investors. The issuance of new shares at a low price may initially dilute existing shares, but the long-term potential for improved cancer treatment outcomes could drive future growth.
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IMPORTANCE 80
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