Medicus Pharma Ltd. recently engaged in share transactions with YA II PN, Ltd. (Yorkville) under a Standby Equity Purchase Agreement $(SEPA)$. On July 9 and July 14, 2025, the company sold a total of 490,000 common shares to Yorkville. The shares were sold at approximately $3.2841 and $3.0216 per share, amounting to total proceeds of approximately $1,521,000. Additionally, the company entered into an inducement agreement with an accredited holder to exercise existing warrants for up to 1,340,000 shares, generating gross proceeds of approximately $3.75 million.
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. Medicus Pharma Ltd. 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: 0001062993-25-012767), on July 14, 2025, and is solely responsible for the information contained therein.