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Houston American Energy Corp. Announces $2.37 Million Registered Direct Offering
Globenewswire· 2025-06-18 12:00
Core Viewpoint - Houston American Energy Corp. has entered into a definitive agreement for a registered direct offering of 223,762 shares at a price of $10.60 per share, expected to raise approximately $2.37 million in gross proceeds [1][2]. Group 1: Offering Details - The offering is expected to close on or about June 20, 2025, subject to customary closing conditions [2]. - The net proceeds from the offering, estimated at approximately $2.1 million, will be used for general corporate purposes [2]. - The offering is made under a shelf registration statement previously filed and declared effective by the SEC [3]. Group 2: Placement Agent Agreement - The Company has appointed Univest Securities, LLC as the sole placement agent for the offering, entitled to an 8.0% fee on the proceeds and reimbursement for expenses not exceeding $10,000 [4]. Group 3: Equity Purchase Agreement - The Company and the institutional investor had discussions about an equity purchase agreement but decided not to execute it at this time [5]. - If reconsidered, the agreement could allow the Company to sell up to $30 million of common stock over a 24-month term, with the purchase price expected to be approximately 96% of the lowest daily volume-weighted average price during the three trading days following a purchase notice [5].
authID Announces Pricing of Approximately $2,100,000 Million Registered Direct Offering
Globenewswire· 2025-05-06 19:43
Core Viewpoint - authID Inc. has announced a definitive agreement to sell approximately 373,060 shares of its common stock at a price of $5.60 per share, aiming to raise approximately $2.1 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The Registered Direct Offering is expected to close on or about May 7, 2025, pending customary closing conditions [2]. - Dominari Securities LLC and Madison Global Partners, LLC are acting as Co-Placement Agents for the offering [2]. - The shares are being offered under a shelf registration statement filed with the SEC, which was declared effective on December 13, 2024 [3]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital and general corporate purposes [2]. Group 3: Company Overview - authID Inc. specializes in biometric identity verification and authentication solutions, ensuring enterprises can accurately identify users behind devices [5]. - The company’s biometric identity platform offers rapid identity proofing in 700 milliseconds and authentication in 25 milliseconds, with a high accuracy rate and no storage of biometric data [5].
Iterum Therapeutics Announces $5 Million Registered Direct Offering of Ordinary Shares
Globenewswire· 2025-04-29 12:00
Core Viewpoint - Iterum Therapeutics plc has entered into a definitive agreement for a registered direct offering of 5,555,556 ordinary shares at a price of $0.90 per share, expected to close around April 30, 2025 [1][3] Group 1: Offering Details - The gross proceeds from the offering are anticipated to be approximately $5 million before deducting fees and expenses [3] - H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering [2] - The offering is conducted under a shelf registration statement filed with the SEC, effective since October 17, 2022 [4] Group 2: Use of Proceeds - The net proceeds will be used for working capital and general corporate purposes, including ongoing strategic processes and pre-commercialization activities [3] - Specific uses for the proceeds have not been identified, but they may fund expenses related to the commercialization of ORLYNVAH™, including manufacturing, sales, and marketing [3][6] Group 3: Company Overview - Iterum Therapeutics focuses on developing next-generation antibiotics to combat multi-drug resistant pathogens [6] - The company is advancing its first compound, sulopenem, which has shown potent activity against various resistant bacteria [6] - ORLYNVAH™ has received FDA approval for treating uncomplicated urinary tract infections in women with limited treatment options [6]
Wang & Lee Group Announces Pricing of $12.0 Million Registered Direct Offering
Newsfilter· 2025-03-24 13:00
Core Viewpoint - Wang & Lee Group, Inc. has entered into a securities purchase agreement to sell 3,529,400 ordinary shares at a price of $3.40 per share, along with Series A and Series B warrants [1][2]. Group 1: Securities Offering Details - The total gross proceeds from the offering are estimated to be approximately $12,000,000 before deducting fees and expenses [2]. - The Series A warrants can be exercised at an exercise price of $3.40 per share and are valid for five years from issuance [1]. - Series B warrants will have an initial exercise price of $0.0001 per share and will be exercisable three trading days after issuance [1]. Group 2: Company Background - Wang & Lee Group, Inc. is a Hong Kong-based construction prime and subcontractor specializing in Electrical & Mechanical Systems installation [5]. - The company provides services for both public and private sectors, including design and contracting services across various trades in the construction industry [5].
Acurx Pharmaceuticals, Inc. Announces $1.1 Million Registered Direct Offering
Prnewswire· 2025-03-07 13:00
Core Viewpoint - Acurx Pharmaceuticals has announced a definitive agreement for the purchase and sale of 2,745,000 shares of its common stock at a price of $0.40 per share, along with a concurrent private placement of unregistered short-term warrants to purchase up to 8,235,000 shares of common stock [1][2] Group 1: Offering Details - The total gross proceeds from the offering are expected to be approximately $1.1 million before deducting fees and expenses [2] - The warrants will have an exercise price of $0.40 per share and will expire twenty-four months after stockholder approval [1] - The closing of the offering is anticipated to occur around March 10, 2025, subject to customary closing conditions [1] Group 2: Company Background - Acurx Pharmaceuticals is focused on developing a new class of small molecule antibiotics targeting difficult-to-treat bacterial infections [6] - The company's lead product candidate, ibezapolstat, is ready for Phase 3 trials for the treatment of C. difficile infection, with plans for international clinical trials this year [6] - The R&D pipeline includes antibiotic candidates targeting Gram-positive bacteria, including MRSA, VRE, and anthrax [6]