Lexaria Bioscience Corp. Announces Closing of $4.0 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules

Core Points - Lexaria Bioscience Corp. has closed a registered direct offering of 2,666,667 shares at a price of $1.50 per share, raising approximately $4.0 million before expenses [1][3] - The company also issued unregistered warrants for the purchase of an equal number of shares at an exercise price of $1.37, which are immediately exercisable and expire in five years [1][2] - The financing aims to enhance Lexaria's options for its 2026 R&D and business development plans, focusing on executing research initiatives that drive intellectual property and shareholder value [2] Financial Details - The gross proceeds from the offering were approximately $4.0 million, which will be used for working capital and general corporate purposes [3] - The shares were offered under a "shelf" registration statement effective since January 30, 2025, and the offering was conducted in compliance with SEC regulations [4] Warrants and Securities - The warrants were issued in a private placement and are not registered under the Securities Act, limiting their sale in the U.S. without an effective registration statement [5] - The company emphasizes that the offering does not constitute an offer to sell or solicit any offers to buy the securities in jurisdictions where such actions would be unlawful [6] Technology and Intellectual Property - Lexaria's DehydraTECH™ platform enhances drug delivery through oral administration, improving bio-absorption and reducing side effects [7] - The company holds a robust intellectual property portfolio with 50 patents granted and additional patents pending worldwide [7]