Entero Therapeutics Inc. has announced a $3.0 million private placement with institutional investors. The transaction involves the sale of 4,878,841 pre-funded warrants and 9,757,682 common warrants. The combined purchase price for one pre-funded warrant and two common warrants is $0.6149. The total proceeds will be divided into $1.0 million paid at closing and $2.0 million upon the effectiveness of a resale registration statement.
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