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Cingulate Inc. Warrants - CINGW STOCK NEWS

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Cingulate Inc is a clinical-stage biopharmaceutical company utilizing its proprietary precision timed-release drug delivery platform to build and advance a pipeline of next-generation pharmaceutical products designed to improve the lives of patients suffering from frequently diagnosed conditions characterized by burdensome daily dosing regimens and suboptimal treatment outcomes. The company focuses on the treatment of Attention Deficit/Hyperactivity Disorder (ADHD) and anxiety, and identifying and evaluating additional therapeutic areas to use PTR technology to develop future product candidates.

Latest News: "Today we are pleased to welcome Jennifer Callahan to the C-Suite, and thank Lou Van Horn for his commitment, hard work, and guidance as Cingulate's CFO through many important milestones," stated Cingulate Chairman and CEO Shane J. Schaffer. "Jenny has worked closely with Lou and is a valued and trusted member of our management. Her leadership and expertise were instrumental during Cingulate's IPO, and we look forward to a seamless transition as we begin this new chapter." Callahan, who brings decades of accounting and financial experience to Cingulate's C-Suite, said she's excited to lead the finance team into the future and hopes to help the company raise capital in an efficient and timely manner.

"It's been a pleasure advancing the Cingulate mission for the past seven years, and I am honored to be named its next Chief Financial Officer," Callahan said. "As we move forward, capital remains imperative to the long-term success of Cingulate, and we will seek to strengthen our balance sheet through both traditional and non-dilutive transactions."

About Cingulate Inc.
Cingulate Inc. (NASDAQ: CING), is a biopharmaceutical company utilizing its proprietary PTR drug delivery platform technology to build and advance a pipeline of next-generation pharmaceutical products, designed to improve the lives of patients suffering from frequently diagnosed conditions characterized by burdensome daily dosing regimens and suboptimal treatment outcomes. With an initial focus on the treatment of ADHD, Cingulate is identifying and evaluating additional therapeutic areas where PTR technology may be employed to develop future product candidates, including to treat anxiety disorders. Cingulate is headquartered in Kansas City.

Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include all statements, other than statements of historical fact, regarding our current views and assumptions with respect to future events regarding our business, including statements with respect to our plans, assumptions, expectations, beliefs and objectives with respect to product development, clinical studies, clinical and regulatory timelines, market opportunity, competitive position, business strategies, potential growth opportunities and other statements that are predictive in nature. These statements are generally identified by the use of such words as "may," "could," "should," "would," "believe," "anticipate," "forecast," "estimate," "expect," "intend," "plan," "continue," "outlook," "will," "potential" and similar statements of a future or forward-looking nature. Readers are cautioned that any forward-looking information provided by us or on our behalf is not a guarantee of future performance. Actual results may differ materially from those contained in these forward-looking statements as a result of various factors disclosed in our filings with the Securities and Exchange Commission (SEC), including the "Risk Factors" section of our Annual Report on Form 10-K filed with the SEC on March 10, 2023. All forward-looking statements speak only as of the date on which they are made, and we undertake no duty to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.

Rhea-AI Summary
Cingulate Inc. (CING) announced the pricing of its public offering of 3,750,000 shares of its common stock, Series A warrants for up to 3,750,000 shares, and Series B warrants for up to 1,875,000 shares at a public offering price of $2.00 per share. The offering is expected to raise significant capital for the company.
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Cingulate Inc. (NASDAQ: CING) has promoted Controller Jennifer Callahan to Chief Financial Officer, succeeding longtime CFO Lou Van Horn. The company aims to strengthen its balance sheet through traditional and non-dilutive transactions, with Callahan expressing excitement to lead the finance team into the future.
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Cingulate Inc. announced the conversion of $3.3 million of debt and accrued interest into equity by Werth Family Investment Associates, LLC, at a conversion price of $4.785 per share. The closing price of Cingulate’s common stock on Nasdaq on January 24, 2024, was $4.35 per share. WFIA also agreed to convert the remaining $3.0 million of principal under its outstanding note into pre-funded warrants to purchase 687,043 shares of Cingulate’s common stock. The offer and sale of the securities are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder.
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Cingulate Inc. (NASDAQ: CING) has received guidance from the FDA to advance its investigational asset CTx-2103 for the treatment of anxiety into clinical development. The company plans to file an IND application in the first half of 2024 and design clinical studies for CTx-2103. This step may allow CTx-2103 to seek approval under the 505(b)(2) pathway, which typically requires less time and resources than the 505(b)(1) full NDA pathway. CTx-2103 is a once-daily, multi-dose tablet that provides three precisely timed doses of buspirone versus one immediate release dose, offering clear differentiation and compelling advantages over currently available treatment options.
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Cingulate Inc. (NASDAQ: CING) announced financial results for Q3 2023, including Phase 3 adult efficacy and safety trial data for CTx-1301, a $4M public offering, and $5.8M of debt converted into CING equity. The clinical update highlighted the positive results from the Phase 3 trial, with significant improvements in ADHD patients. The company also provided insights into its R&D expenses and net loss figures.
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Cingulate Inc. will be hosting a key opinion leader event on October 23, 2023, focused on their late-stage asset CTx-1301 in ADHD and anxiety-related disorders.
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Cingulate Inc. closes public offering, raising approximately $4.0 million for research and development and commercialization activities of its lead candidate CTx-1301.
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Cingulate Inc. announces pricing of public offering, expecting gross proceeds of approximately $4.0 million. The funds will be used for research and development, commercialization activities, and general corporate purposes.
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CTx-1301 demonstrated clinically meaningful improvements in PERMP and CGI-S scores, with trend towards significance treatment effect size of 1.41 and 0.98 observed at 30 minutes and at hour 16, respectively. CTx-1301 showed a favorable safety profile compared to placebo. No patients reported experiencing insomnia during the randomized period.
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Cingulate Inc. announces debt conversion of $5.8 million into equity, following a $1.0 million capital investment in August 2023.
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FAQ

What is the current stock price of Cingulate Warrants (CINGW)?

The current stock price of Cingulate Warrants (CINGW) is $0.0359 as of December 20, 2024.

What is the core focus of Cingulate Inc?

Cingulate Inc focuses on utilizing its precision timed-release drug delivery platform to develop next-generation pharmaceutical products for conditions requiring improved treatment outcomes.

What therapeutic areas does Cingulate Inc target?

Cingulate Inc targets the treatment of Attention Deficit/Hyperactivity Disorder (ADHD) and anxiety, with plans to expand into other therapeutic areas using PTR technology.

Who recently joined the Cingulate C-Suite?

Jennifer Callahan recently joined the C-Suite of Cingulate Inc as the Chief Financial Officer, succeeding Lou Van Horn.

What is the unique approach of Cingulate's CTx-1301?

CTx-1301 utilizes a multi-core formulation of dexmethylphenidate, a stimulant compound, to provide rapid onset and entire active-day efficacy for the treatment of ADHD.

What recent regulatory milestone did Cingulate achieve?

Cingulate received confirmation from the FDA regarding the requirements necessary for filing a New Drug Application (NDA) for CTx-1301, paving the way for a potential market approval.

How has Cingulate managed its financials in recent years?

Cingulate has successfully raised capital through various offerings, including public and private placements, to support its operations and advancement of key product candidates.

What is the significance of Cingulate's PTR technology?

Cingulate's Precision Timed Release (PTR) drug delivery platform technology allows for precise dosing control and time-released delivery of active pharmaceutical ingredients to optimize patient care.

What is the current focus of Cingulate's research and development efforts?

Cingulate's R&D efforts are focused on advancing CTx-1301 for ADHD and CTx-2103 for anxiety using its innovative PTR technology to address unmet medical needs.

How does Cingulate plan to expand its product pipeline?

Cingulate intends to identify additional therapeutic areas where PTR technology can be leveraged to develop future product candidates, potentially including anxiety disorders and other conditions requiring optimized treatment outcomes.

What is the key takeaway from Cingulate's recent financial results?

Despite challenges, Cingulate has managed its financial position prudently, raising capital strategically and reducing liabilities to support its growth objectives and product development endeavors.

Cingulate Inc. Warrants

Nasdaq:CINGW

CINGW Rankings

CINGW Stock Data

3.04M
Biotechnology
Pharmaceutical Preparations
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United States of America
KANSAS CITY