Silo Pharma Announces $2 Million Public Offering of Shares and Warrants

Reuters

05-15

Silo Pharma Announces $2 Million Public Offering of Shares and Warrants

Silo Pharma Inc., a developmental stage biopharmaceutical company, has announced the pricing of a $2 million public offering. The offering includes 3,333,338 shares of common stock along with Series A-1 and Series A-2 warrants, each allowing the purchase of an additional 3,333,338 shares at $0.60 per share. The Series A-1 Warrants will expire five years from issuance, and the Series A-2 Warrants will expire eighteen months from issuance. H.C. Wainwright & Co. is serving as the exclusive placement agent for this offering. The company plans to use the proceeds for general working capital purposes.

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. Silo Pharma Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9452334-en) on May 15, 2025, and is solely responsible for the information contained therein.

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