Actuate Therapeutics Inc. Announces $4.7 Million Private Placement with Institutional and Accredited Investors

Reuters
06-26
<a href="https://laohu8.com/S/ACTU">Actuate Therapeutics Inc</a>. Announces $4.7 Million Private Placement with Institutional and Accredited Investors

Actuate Therapeutics, Inc. has entered into a securities purchase agreement for a private placement with institutional and accredited investors, expected to close by June 30, 2025. The company anticipates gross proceeds of approximately $4.7 million, which will be used for working capital and general corporate purposes. As part of the agreement, Actuate will issue 666,497 shares of common stock at $7.00 per share and warrants to purchase an equivalent number of shares at the same price. The warrants will be exercisable on a cash-only basis, expiring 20 days after certain FDA-related milestones are reached. Additionally, Actuate has committed to registering the resale of these securities with the SEC, with specific deadlines for filing and effectiveness. Bios 2024 Co-Invest, LP, a significant shareholder, will participate in the private placement, acquiring 71,428 shares and warrants for approximately $500,000.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Actuate Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-004766), on June 26, 2025, and is solely responsible for the information contained therein.

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