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Lixte Biotechnology Announces $5M Private Placement

Story Highlights
  • Lixte Biotechnology announced a $5 million private placement on July 1, 2025.
  • The transaction aims to raise funds for corporate purposes and boost equity, pending Nasdaq compliance.
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Lixte Biotechnology Announces $5M Private Placement

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Lixte Biotechnology Holdings ( (LIXT) ) has provided an update.

On July 1, 2025, Lixte Biotechnology Holdings announced a $5 million private placement of shares, priced at market under Nasdaq rules, which includes Common Stock, Series B Convertible Preferred Stock, and Common Warrants. The transaction, expected to close on July 2, 2025, aims to raise funds for general corporate purposes and working capital, potentially boosting the company’s stockholders’ equity above $2.5 million, pending Nasdaq compliance determination.

More about Lixte Biotechnology Holdings

Lixte Biotechnology Holdings, Inc. is a clinical-stage pharmaceutical company focused on developing and commercializing cancer therapies. The company is pioneering a new field of cancer biology known as activation lethality, with its lead compound, LB-100, which is a PP2A inhibitor that has shown potential to enhance chemotherapies and immunotherapies.

Average Trading Volume: 871,099

Technical Sentiment Signal: Sell

Current Market Cap: $3.17M

For detailed information about LIXT stock, go to TipRanks’ Stock Analysis page.

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