Baudax Bio Inc

NASDAQ:BXRX   3:59:48 PM EDT
0.78
0.00 (-0.48%)
Debt Financing / Related, Equity Investments, Other Pre-Announcement

Baudax Bio Announces $11.9 Mln Registered Direct Offering

Published: 06/01/2021 03:02 GMT
Baudax Bio Inc (BXRX) - Baudax Bio Announces $11.9 Million Registered Direct Offering.
Entered Into a Definitive Agreement With Certain Institutional Investors for Purchase and Sale of Common Stock and Warrants.
To Purchase Up to 14 Million Shares at $0.85 per Share and Accompanying Warrant in a Registered Direct Offering.
Warrants Have an Exercise Price of $0.90 per Share.
Closing of Offering is Expected to Occur on Or About June 1.
In Event Warrants Are Exercised in Full for Cash, Co Expects to Receive Approximately $12.6 Million in Additional Gross Proceeds.
Intends to Use Net Proceeds From Offering Partly for Commercialization of Anjeso, Pipeline Development Activities.