Hepion Pharmaceuticals (HEPA) has released an update.
Hepion Pharmaceuticals, Inc. has successfully completed a direct offering and concurrent private placement, issuing shares and pre-funded warrants, along with additional warrants in a separate private transaction. The company has arranged a financial incentive for warrant holders to exercise their options early at a reduced price, generating significant capital. These funds are intended for general corporate purposes. The transaction also includes various terms and provisions, including anti-dilution protection, cashless exercise options, and beneficial ownership limitations. Hepion Pharmaceuticals plans to register these new securities for resale and has agreed to certain stipulations regarding its future securities transactions.
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