Summary by Futu AI
On April 10, 2024, NeuroSense Therapeutics Ltd., a biotechnology company focused on neurodegenerative diseases, announced a securities purchase agreement with an institutional investor for a registered direct offering and concurrent private placement. The company agreed to issue 1,732,000 ordinary shares at $1.50 each and 1,248,000 pre-funded warrants at $1.4999 per warrant, aiming to raise approximately $4.47 million before fees and expenses. The pre-funded warrants, exercisable immediately at $0.0001 per share, prevent the purchaser from exceeding a 9.99% ownership post-transaction. Directors and executive officers will enter a 90-day lock-up agreement post-closing, and the company will not issue additional shares for 60 days, with certain exceptions. The offering includes 2,980,000 ordinary warrants, exercisable at $1.50 per share, expiring five years from issuance. These warrants and the shares issuable upon...Show More