Alpha Cognition Provides Private Placement Update

Rhea-AI Summary

Alpha Cognition Inc. (TSX-V: ACOG) (OTCQB: ACOGF), a biopharmaceutical company focused on therapies for neurodegenerative disorders, announces the anticipated completion of the second tranche of its private placement offering before March 17, 2023. The company is developing ALPHA-1062, a new acetylcholinesterase inhibitor for Alzheimer's treatment, promising minimal gastrointestinal side effects and improved cognitive support. Alpha Cognition emphasizes that this news does not constitute a sale offer in the U.S., where the securities remain unregistered under the 1933 Act.

Positive

• Expected completion of the second tranche of private placement offering.
• Development of ALPHA-1062, a new drug for Alzheimer's with unique benefits.

Negative

• Securities remain unregistered in the U.S., affecting potential investment.

Not for distribution in the United States or to U.S. newswire services

VANCOUVER, British Columbia--(BUSINESS WIRE)-- Alpha Cognition Inc. (TSX-V: ACOG) (OTCQB: ACOGF) (“Alpha Cognition”, or the “Company”), a biopharmaceutical company developing novel therapies for debilitating neurodegenerative disorders, announces that the Company expects to complete the second tranche of its ongoing private placement offering prior to March 17, 2023. Please see the Company’s February 16, 2023 news release for additional information on the offering.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.

About Alpha Cognition Inc.

Alpha Cognition Inc. is a clinical stage, biopharmaceutical company dedicated to developing treatments for patients suffering from neurodegenerative diseases, such as Alzheimer's disease and Amyotrophic Lateral Sclerosis (ALS), for which there are limited treatment options.

ALPHA-1062, is a patented new chemical entity being developed as a new generation acetylcholinesterase inhibitor for the treatment of Alzheimer's disease, with expected minimal gastrointestinal side effects. ALPHA-1062's active metabolite is differentiated from donepezil and rivastigmine in that it binds neuronal nicotinic receptors, most notably the alpha-7 subtype, which is known to have a positive effect on cognition. ALPHA-1062 is also being developed in combination with memantine to treat moderate to severe Alzheimer's dementia, and as an intranasal formulation for traumatic brain injury.

Neither TSX Venture Exchange (the “TSX-V”), OTC Markets Group, nor the TSX-V’s Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This news release includes forward-looking statements within the meaning of applicable securities laws. Except for statements of historical fact, any information contained in this news release may be a forward‐looking statement that reflects the Company’s current views about future events and are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. In some cases, you can identify forward‐looking statements by the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “intend,” “plan,” “objective,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,” “target,” “seek,” “contemplate,” “continue” and “ongoing,” or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward‐looking statements may include statements regarding closing of the Offering, the Company’s business strategy, market size, potential growth opportunities, capital requirements, clinical development activities, the timing and results of clinical trials, regulatory submissions, potential regulatory approval and commercialization of the technology. Although the Company believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. The Company cannot assure that the actual results will be consistent with these forward-looking statements. These forward‐looking statements speak only as of the date of this news release and the Company undertakes no obligation to revise or update any forward‐looking statements for any reason, even if new information becomes available in the future.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230306005821/en/

info@alphacognition.com

https://www.alphacognition.com/

Source: Alpha Cognition Inc.

FAQ

What is Alpha Cognition Inc. developing for Alzheimer's disease?

Alpha Cognition Inc. is developing ALPHA-1062, a new acetylcholinesterase inhibitor aimed at treating Alzheimer's with minimal side effects.

When is the second tranche of Alpha Cognition's private placement expected to close?

The second tranche of Alpha Cognition's private placement is expected to close before March 17, 2023.

Is Alpha Cognition's offering available to U.S. investors?

No, the securities are not registered under the 1933 Act and cannot be offered to U.S. investors.

What is the significance of ALPHA-1062's development?

ALPHA-1062's development is significant as it aims to provide better treatment options for Alzheimer's patients, specifically by binding to neuronal nicotinic receptors.