Silo Pharma(SILO)
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Silo Pharma Announces $2.5 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
Globenewswire· 2025-09-30 12:02
Core Viewpoint - Silo Pharma, Inc. has announced a registered direct offering of 2,857,143 shares of common stock at a price of $0.875 per share, along with a concurrent private placement of unregistered warrants to purchase an equal number of shares at an exercise price of $0.75 per share [1][2]. Group 1: Offering Details - The gross proceeds from the offering are expected to be approximately $2.5 million before deducting fees and expenses [2]. - The closing of the offering is anticipated to occur on or about October 1, 2025, subject to customary closing conditions [1]. - The unregistered warrants will be immediately exercisable upon issuance and will expire five years from the effective date of the registration statement [1]. Group 2: Regulatory Information - The common stock is being offered under a "shelf" registration statement that was declared effective by the SEC on January 30, 2024 [3]. - The unregistered warrants are being offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Securities Act or applicable state laws [4]. Group 3: Company Overview - Silo Pharma is a developmental-stage biopharmaceutical company focused on novel formulations and drug delivery systems for traditional therapeutics and psychedelic treatments [1]. - The company addresses underserved conditions such as stress-induced psychiatric disorders, chronic pain, and CNS diseases, with programs targeting PTSD, fibromyalgia, Alzheimer's disease, and multiple sclerosis [6].
Silo Pharma Updates Strategic Agreement with Fireblocks to Secure Crypto Treasury Management
Globenewswire· 2025-09-29 18:30
Core Insights - Silo Pharma has initiated a strategic agreement with Fireblocks to enhance its crypto treasury management platform, leveraging Fireblocks' expertise in secure digital asset custody and management [1][2]. Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company focused on addressing underserved medical conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system diseases [3]. - The company's therapeutic portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer's disease and multiple sclerosis [3]. Partnership Details - Fireblocks is recognized as a leader in the digital assets space, having facilitated the secure transfer of over $10 trillion to date, and offers a multi-layer security framework that includes multi-party computation technology and a deposit address authentication network [2]. - The collaboration aims to build an institutional-grade infrastructure that enables Silo to buy, stake, and manage digital assets at scale [2].
Silo Wellness Submits CSE Listing Statement for Review of Born Defense Proposed Change of Business
Newsfile· 2025-09-28 21:47
Core Viewpoint - Silo Wellness Inc. is transitioning to Born Defense Inc., focusing on defense innovation and national security investments, with a listing statement submitted to the Canadian Securities Exchange for review [1][3]. Company Overview - Silo Wellness Inc. will be renamed Born Defense Inc., which will operate as a national security investment issuer committed to ethical defense finance guided by the Just War Doctrine [9]. - The company's restructured business model will focus on trade finance, strategic equity investments, and collateral-backed lending for pre-IPO and critical infrastructure ventures globally [9]. Listing Statement Details - The Listing Statement provides comprehensive disclosure regarding the company's business, assets, financial statements, management team, and strategic direction, which is essential for resuming trading of the company's common shares [2]. - Recent measures to strengthen the financial position include agreements to settle approximately CAD $4.4 million of debt through the issuance of common shares, significantly reducing liabilities [4]. Strategic Direction - Born Defense's strategy is based on Just War principles, emphasizing the protection of individual liberty and responsible industrial stewardship [3]. - The company aims to stabilize and strengthen its public vehicle by converting debt into shares or establishing middle- and long-term payment plans with creditors [5]. Future Steps - The Listing Statement will be available on the company's profile on SEDAR+ once accepted for filing by the CSE, and shareholders will be notified of any required meetings to approve the proposed change of business [5].
Silo Pharma Signs Strategic Agreement with Fireblocks to Advance Crypto Treasury Strategy Acquisition and Security
Globenewswire· 2025-09-23 12:38
Core Insights - Silo Pharma has engaged Fireblocks as the custodian for its institutional crypto treasury platform, focusing on Bitcoin, Ethereum, and Solana [1][2] - The partnership aims to ensure enterprise-grade security and governance standards for managing digital assets, enhancing long-term value for shareholders [2][3] Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company, targeting underserved conditions such as stress-induced psychiatric disorders and chronic pain [3] - The company's therapeutic portfolio includes programs for PTSD, fibromyalgia, and preclinical assets for Alzheimer's disease and multiple sclerosis [3] Fireblocks Overview - Fireblocks is recognized for its secure platform that facilitates the transfer of over $6 trillion in digital assets, utilizing a multi-layer security framework [2][4] - The platform supports various financial entities, including exchanges, banks, and hedge funds, enabling them to scale their digital asset operations securely [4]
EXCLUSIVE: Silo Pharma Partners With Fireblocks To Advance Crypto Treasury Strategy Acquisition And Security
Yahoo Finance· 2025-09-23 12:16
Core Insights - Silo Pharma Inc. has engaged Fireblocks as the custodian for its institutional crypto treasury platform, aiming to enhance security and governance standards [1][3] - Fireblocks has facilitated the secure transfer of over $6 trillion in digital assets, showcasing its capability in the digital asset space [2][3] - Silo Pharma's initial purchases of Ethereum (ETH) and Solana (SOL) tokens mark the beginning of its cryptocurrency treasury strategy, which was launched in August [5][6] Company Developments - The partnership with Fireblocks is expected to provide enterprise-grade security for Silo's crypto treasury platform [1][3] - Silo Pharma has appointed Corwin Yu as the first member of its Crypto Advisory Board to lead its cryptocurrency treasury strategy [5] - The company has also acquired AI-powered market intelligence technology to enhance decision-making capabilities [6] Market Context - The Fireblocks Network allows various financial entities, including exchanges and hedge funds, to securely scale their digital asset operations [4] - Silo Pharma's strategy aims to incorporate cryptocurrency into its treasury holdings and supports broader initiatives in blockchain and real-world asset tokenization [5]
Silo Pharma Announces Initial Investment in Ethereum and Solana under Cryptocurrency Treasury Strategy
Globenewswire· 2025-09-16 12:11
Core Insights - The company has initiated its cryptocurrency treasury strategy by purchasing Ethereum (ETH) and Solana (SOL) tokens, marking a significant step towards integrating digital assets into its treasury holdings [2][3] - This investment reflects the company's belief in the long-term value of digital assets and the potential of blockchain technology to influence the biotechnology sector [2][3] - The CEO emphasized the company's commitment to decentralized finance and smart contract platforms, stating that the tokens will be staked for revenue generation and capital appreciation to support biopharmaceutical asset development [3] Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company focused on addressing underserved medical conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system diseases [4] - The company's portfolio includes innovative programs targeting PTSD, fibromyalgia, chronic pain, Alzheimer's disease, and multiple sclerosis, with research conducted in collaboration with leading universities and laboratories [4] Strategic Initiatives - The company's cryptocurrency treasury strategy aims for multi-chain asset growth and lays the groundwork for broader blockchain and real-world asset tokenization initiatives [2] - The accelerating adoption of digital assets by institutional investors and global enterprises supports the company's comprehensive digital assets strategy [3]
Saucony SILO AW25 Launches Globally, Elevating Footwear Through Design
Prnewswire· 2025-09-10 17:46
Core Insights - Saucony is launching its AW25 collection from the Saucony SILO line, which emphasizes the blend of heritage, luxury, and performance in footwear design [1][2] - The collection will be available globally starting September 18, 2025, following its initial reveal at Paris Fashion Week in June [1][3] Product Details - The AW25 collection features two new silhouettes, Momentum and Trekker, alongside updated versions of popular styles, showcasing a balance of heritage and material innovation [3][5] - The design process involved collaborations with creative professionals, enhancing the storytelling aspect of the brand's legacy [2][3] Brand Background - Saucony, a division of Wolverine World Wide, Inc., is recognized for its innovative technologies and commitment to inspiring a running culture [4] - The brand has a long history, founded in 1898, and aims to blend innovation, style, and culture in its products [4]
Silo Pharma Adds Japanese Patent to Expanding Global IP Portfolio for Licensed PTSD Drug
Globenewswire· 2025-09-09 13:10
Core Insights - Silo Pharma, Inc. has received a Japanese patent for its lead asset SPC-15, an intranasal treatment for post-traumatic stress disorder (PTSD), which enhances its intellectual property portfolio [1][2] - The company is collaborating with Columbia University for the development of SPC-15, which is a serotonin 5-HT4 receptor agonist aimed at treating stress-induced psychiatric disorders [2][3] - Silo Pharma's therapeutic focus includes addressing conditions such as PTSD, chronic pain, and central nervous system diseases, with a diverse portfolio of innovative programs [3] Patent and Intellectual Property - The Japan Patent Office granted patent number 7683882 to Columbia University for the invention titled "Prophylactic efficacy of serotonin 4 receptor agonists against stress," which is exclusively licensed to Silo [1] - This patent adds to Silo's international intellectual property portfolio, reinforcing the protection for SPC-15 [2] Product Development - SPC-15 is positioned for potential eligibility under the FDA's streamlined 505(b)(2) regulatory pathway, which could expedite its approval process [2] - The company is conducting preclinical studies in collaboration with Columbia University and holds exclusive global rights for the development and commercialization of SPC-15 [2] Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company [3] - The company's portfolio includes other programs such as SP-26 for fibromyalgia and chronic pain, as well as preclinical assets targeting Alzheimer's disease and multiple sclerosis [3]
Silo Pharma Secures Australian Patent Covering Licensed PTSD Drug Candidate Expanding Global IP Portfolio
Globenewswire· 2025-09-03 12:25
Core Viewpoint - Silo Pharma, Inc. has received a patent for its lead asset SPC-15, which is an intranasal treatment for post-traumatic stress disorder (PTSD), enhancing its intellectual property portfolio and supporting clinical trial development plans [1][2][3]. Company Overview - Silo Pharma is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company focused on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system diseases [4]. - The company's portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer's disease and multiple sclerosis [4]. Product Details - SPC-15 is an intranasal serotonin 5-HT4 receptor agonist aimed at treating stress-induced psychiatric disorders like PTSD and anxiety [3]. - The product has potential eligibility for the FDA's streamlined 505(b)(2) regulatory pathway, which could accelerate its approval process [3]. - Silo Pharma collaborates with Columbia University for preclinical studies and holds exclusive global rights for the development and commercialization of SPC-15 [3].
Silo Pharma’s Alzheimer’s Candidate SPC-14 Featured in Leading Scientific Peer-reviewed Journal
Globenewswire· 2025-08-21 18:00
Company Overview - Silo Pharma, Inc. is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company focused on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system diseases [6] - The company's portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer's disease and multiple sclerosis [6] Alzheimer's Disease Therapeutic Development - Silo Pharma announced the publication of preclinical research for its Alzheimer's disease therapeutic, SPC-14, in the journal Alzheimer's Research & Therapy [1] - The study titled "Combinatorial targeting of NMDARs and 5-HT4Rs exerts beneficial effects in a mouse model of Alzheimer's disease" indicates that the combined administration of (R,S)-ketamine with prucalopride is a novel multi-modal therapeutic strategy to treat cognitive decline in Alzheimer's disease [2] - The results showed that the SPC-14 formulation improved cognitive decline by increasing memory retrieval in a fear conditioning model in mice, identifying SPC-14 as a promising drug combination for therapeutic use in Alzheimer's disease [3] Market Potential - The Alzheimer's disease treatment market is projected to grow to $30.8 billion by 2033, with a compound annual growth rate (CAGR) of 18.8% [4] - SPC-14 was developed under a sponsored research agreement with Columbia University, and Silo Pharma entered into an exclusive global license agreement with the university to further develop, manufacture, and commercialize SPC-14 [4] Therapeutic Mechanism - SPC-14 is a novel intranasal therapeutic that targets glutamate receptor NMDAR and serotonin type 4 receptor 5HT4 to treat cognitive and neuropsychiatric symptoms in Alzheimer's disease [5] - In preclinical studies, SPC-14 was effective against luteinizing hormone stress, attenuating learned helplessness, perseverative behavior, and hyponeophagia, which is a measure of anxiety [5]