Altamira Therapeutics Announces Closing of up to $12.0 Million Public Offering
Altamira Therapeutics announced the closing of its public offering, raising approximately $4.0 million upfront with potential additional gross proceeds of $8.0 million upon full exercise of milestone-linked warrants. The offering included 5,555,556 common shares (or pre-funded warrants) and accompanying Series A-1 and A-2 common warrants at a combined price of $0.72 per share. The Series A-1 warrants are exercisable immediately and expire on the earlier of 18 months from issuance or 60 days post-positive biodistribution data announcement. Series A-2 warrants also are immediately exercisable and expire on the earlier of five years from issuance or six months post-agreement announcement covering specific territories. H.C. Wainwright & Co. acted as the exclusive placement agent. Net proceeds will be used for working capital and general corporate purposes. Additionally, existing warrants for 555,556 common shares were amended to reduce the exercise price to $0.72 per share.
Altamira Therapeutics ha annunciato la chiusura della sua offerta pubblica, raccogliendo circa $4,0 milioni iniziali con potenziali ricavi aggiuntivi lordi di $8,0 milioni a seguito dell'esercizio completo delle warrant legate ai traguardi. L'offerta includeva 5.555.556 azioni ordinarie (o warrant prefinanziati) e rispettivi warrant ordinari di Serie A-1 e A-2 a un prezzo combinato di $0,72 per azione. I warrant di Serie A-1 sono esercitabili immediatamente e scadono al termine di 18 mesi dall'emissione o 60 giorni dopo l'annuncio di dati positivi sulla biodistribuzione. Anche i warrant di Serie A-2 sono immediatamente esercitabili e scadono al termine di cinque anni dall'emissione o sei mesi dopo l'annuncio dell'accordo per specifici territori. H.C. Wainwright & Co. ha agito come unico agente di collocamento. I proventi netti saranno utilizzati per il capitale circolante e per fini aziendali generali. Inoltre, i warrant esistenti per 555.556 azioni ordinarie sono stati modificati per ridurre il prezzo di esercizio a $0,72 per azione.
Altamira Therapeutics anunció el cierre de su oferta pública, recaudando aproximadamente $4.0 millones inicialmente con posibles ingresos brutos adicionales de $8.0 millones tras el ejercicio completo de las opciones vinculadas a hitos. La oferta incluía 5,555,556 acciones comunes (o warrants prefinanciados) y warrants comunes de la Serie A-1 y A-2 a un precio combinado de $0.72 por acción. Los warrants de la Serie A-1 son ejercitables de inmediato y caducan al cabo de 18 meses desde la emisión o 60 días después del anuncio de datos de biodistribución positivos. Los warrants de la Serie A-2 también son ejercitables de inmediato y caducan al cabo de cinco años desde la emisión o seis meses tras el anuncio del acuerdo que cubre territorios específicos. H.C. Wainwright & Co. actuó como el agente exclusivo de colocación. Los ingresos netos se utilizarán para capital de trabajo y fines corporativos generales. Además, los warrants existentes para 555,556 acciones comunes fueron modificados para reducir el precio de ejercicio a $0.72 por acción.
알타미라 제약은 공모를 종료하고 약 $4.0 백만을 선불로 조달했으며, 목표 달성 연계된 워런트를 전량 행사할 경우 추가 총 수익 $8.0 백만이 발생할 수 있다고 발표했습니다. 이번 공모에는 5,555,556 주식(또는 선불 워런트)과 함께 A-1 및 A-2 시리즈의 일반 워런트가 포함되어 있으며 주당 총 가격은 $0.72입니다. A-1 시리즈의 워런트는 즉시 행사 가능하며, 발행일부터 18개월 이내 또는 긍정적인 바이오 분포 데이터 발표 후 60일 중 먼저 오는 날짜에 만료됩니다. A-2 시리즈의 워런트도 즉시 행사 가능하며, 발행일부터 5년 이내 또는 특정 지역에 대한 합의 발표 후 6개월 중 먼저 오는 날짜에 만료됩니다. H.C. 웨인라이트 & Co.가 유일한 배치 에이전트로 활동했습니다. 순수익은 운영 자금 및 일반 기업 목적에 사용됩니다. 또한, 기존 555,556 주식에 대한 워런트가 수정되어 행사 가격이 $0.72로 낮춰졌습니다.
Altamira Therapeutics a annoncé la clôture de son offre publique, levant environ $4,0 millions en avance avec des recettes brutes potentielles supplémentaires de $8,0 millions lors de l'exercice complet des warrants liés aux jalons. L'offre comprenait 5.555.556 actions ordinaires (ou warrants préfinancés) et des warrants ordinaires de série A-1 et A-2 au prix combiné de $0,72 par action. Les warrants de série A-1 sont exerçables immédiatement et expirent au plus tôt 18 mois après leur émission ou 60 jours après l'annonce de données de biodistribution positives. Les warrants de série A-2 sont également immédiatement exerçables et expirent au plus tôt cinq ans après leur émission ou six mois après l'annonce d'un accord concernant des territoires spécifiques. H.C. Wainwright & Co. a agi en tant qu'agent de placement exclusif. Les produits nets seront utilisés pour le fonds de roulement et des fins corporatives générales. De plus, les warrants existants pour 555.556 actions ordinaires ont été modifiés pour réduire le prix d'exercice à $0,72 par action.
Altamira Therapeutics hat den Abschluss seiner öffentlichen Angebot bekannt gegeben und dabei etwa $4,0 Millionen im Voraus gesammelt, mit möglichen zusätzlichen Bruttoeinnahmen von $8,0 Millionen bei vollständiger Ausübung der auf Meilensteinen basierenden Optionen. Das Angebot umfasste 5.555.556 Stammaktien (oder vorfinanzierte Optionen) sowie die zugehörigen Series A-1 und A-2 Optionen zu einem Gesamtpreis von $0,72 pro Aktie. Die Series A-1 Optionen sind sofort ausübbar und verfallen am frühesten nach 18 Monaten ab Emission oder 60 Tage nach Bekanntgabe positiver Biodistributionsdaten. Die Series A-2 Optionen sind ebenfalls sofort ausübbar und verfallen am frühesten nach fünf Jahren ab Emission oder sechs Monate nach Bekanntgabe der Vereinbarung für bestimmte Gebiete. H.C. Wainwright & Co. fungierte als exklusiver Platzierungsagent. Die Nettoerlöse werden für Betriebskapital und allgemeine Unternehmenszwecke verwendet. Zudem wurden bestehende Optionen für 555.556 Stammaktien geändert, um den Ausübungspreis auf $0,72 pro Aktie zu senken.
- Raised $4.0 million upfront with potential additional $8.0 million.
- Net proceeds to be used for working capital and general corporate purposes.
- Amended existing warrants to a more favorable exercise price, potentially increasing future liquidity.
- Potential dilution for existing shareholders due to the issuance of new shares and warrants.
- No assurance that Series A-1 and A-2 warrants will be exercised, potentially limiting additional funds.
Insights
Altamira Therapeutics'
Altamira's focus on RNA delivery technology for targets beyond the liver is promising, but this offering reveals financial strain. The milestone-linked warrants tied to AM-401 and AM-411 nanoparticles suggest these are key programs. Positive biodistribution data could trigger
This offering structure reflects a high-risk, high-reward scenario for Altamira. The immediate
Hamilton, Bermuda, Sept. 19, 2024 (GLOBE NEWSWIRE) --
$4 million upfront with up to an additional$8 million of aggregate gross proceeds upon the exercise in full for cash of milestone-linked warrants
Altamira Therapeutics Ltd. (“Altamira” or the “Company”) (Nasdaq:CYTO), a company dedicated to developing and commercializing RNA delivery technology for targets beyond the liver, today announced the closing of its previously announced public offering of an aggregate of 5,555,556 common shares (or pre-funded warrants in lieu thereof) accompanied by Series A-1 common warrants to purchase up to 5,555,556 common shares and Series A-2 common warrants to purchase up to 5,555,556 common shares, at a combined public offering price of
H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
The aggregate gross proceeds to the Company from this offering were approximately
The securities described above were offered pursuant to a registration statement on Form F-1 (File No. 333-281724), as amended, originally filed on August 22, 2024 with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on September 17, 2024. The offering was made only by means of a prospectus which forms a part of the effective registration statement relating to the offering. Electronic copies of the final prospectus may be obtained on the SEC's website at http://www.sec.gov and may also be obtained by contacting H.C. Wainwright & Co., LLC at 430 Park Avenue, 3rd Floor, New York, NY 10022, by phone at (212) 856-5711 or e-mail at placements@hcwco.com.
The Company also agreed to amend certain existing warrants to purchase up to an aggregate of 555,556 common shares that were previously issued in July 2023 at an exercise price of
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Altamira Therapeutics
Altamira Therapeutics (Nasdaq: CYTO) is developing and supplying peptide-based nanoparticle technologies for efficient RNA delivery to extrahepatic tissues (OligoPhore™ / SemaPhore™ platforms). The Company currently has two flagship siRNA programs using its proprietary delivery technology: AM-401 for KRAS driven cancer and AM-411 for rheumatoid arthritis, both in preclinical development beyond in vivo proof of concept. The versatile delivery platform is also suited for mRNA and other RNA modalities and made available to pharma or biotech companies through out-licensing. In addition, Altamira holds a
Forward-Looking Statements
This press release may contain statements that constitute "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. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Altamira’s strategies or expectations and statements regarding the anticipated use of proceeds from the offering, the ability of the Company to achieve certain milestone events, and the exercise of the Series A-1 common warrants and Series A-2 common warrants upon the achievement of such milestone events or otherwise prior to their expiration. In some cases, you can identify these statements by forward-looking words such as "may", "might", "will", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "projects", "potential", "outlook" or "continue", or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. These risks and uncertainties include, but are not limited to, market and other conditions, the clinical utility of Altamira’s product candidates, the timing or likelihood of regulatory filings and approvals, Altamira’s intellectual property position and Altamira’s financial position. These risks and uncertainties also include, but are not limited to, those described under the caption "Risk Factors" in Altamira’s Annual Report on Form 20-F for the year ended December 31, 2023, and in Altamira’s other filings with the SEC, which are available free of charge on the SEC’s website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Altamira or to persons acting on behalf of Altamira are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Altamira does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
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