CollPlant to sell 1.2M ordinary shares at $3.00 in registered direct offering

CollPlant (CLGN) announced that it has entered into a definitive agreement for the issuance and sale of an aggregate of 1,200,002 of the company’s ordinary shares at a purchase price of $3.00 per share in a registered direct offering priced at-the-market under Nasdaq rules. In addition, in a concurrent private placement, the company will issue unregistered to purchase up to 1,200,002 of the company’s ordinary shares at an exercise price of $3.00 per share. The warrants will be exercisable immediately following the issuance date and have a term of three and one-half years from the issuance date. The offering is expected to close on or about June 2, 2025, subject to the satisfaction of customary closing conditions. H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.