Oncotelic Therapeutics Raises Capital Through Private Placement of Convertible Notes and Warrants

Reuters
Jan 07
Oncotelic <a href="https://laohu8.com/S/LENZ">Therapeutics</a> Raises Capital Through Private Placement of Convertible Notes and Warrants

Oncotelic Therapeutics Inc. has completed the final tranche of its private placement, issuing a total of 44 units to 22 accredited investors. Each unit consists of a $25,000 note bearing 12% annual interest, convertible into either 250,000 shares of Oncotelic common stock at $0.10 per share or 25,000 shares of EdgePoint AI, Inc. common stock at $1.00 per share. The units also include warrants to purchase Oncotelic or EdgePoint shares at set prices, with anti-dilution protections and a two-year exercise window. The offering was exempt from SEC registration under Rule 506 of Regulation D, and the company has granted registration rights for the shares issued in connection with this financing.

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