share_log

Allarity Therapeutics | 424B5: Prospectus

SEC ·  May 18 04:15

Summary by Futu AI

Allarity Therapeutics Inc. has announced an amendment to its Sales Agreement with Ascendiant Capital Markets, LLC, increasing the total amount of common stock it may offer and sell to $30,000,000. This update, detailed in a prospectus supplement filed on May 17, 2024, follows the company's public float surpassing $75 million on May 2, 2024, which lifted the previous sales limitation under General Instruction I.B.6 of Form S-3. As of the date of the prospectus supplement, Allarity Therapeutics has already sold 18,756,178 shares for gross proceeds of $22,537,915. The prospectus supplement amends the prior prospectus dated November 29, 2023, and the subsequent supplement dated March 19, 2024. Investors are cautioned that investing in Allarity's common stock involves high risk, and they should review the risk factors detailed in the March 19, 2024, prospectus supplement and other referenced documents.
Allarity Therapeutics Inc. has announced an amendment to its Sales Agreement with Ascendiant Capital Markets, LLC, increasing the total amount of common stock it may offer and sell to $30,000,000. This update, detailed in a prospectus supplement filed on May 17, 2024, follows the company's public float surpassing $75 million on May 2, 2024, which lifted the previous sales limitation under General Instruction I.B.6 of Form S-3. As of the date of the prospectus supplement, Allarity Therapeutics has already sold 18,756,178 shares for gross proceeds of $22,537,915. The prospectus supplement amends the prior prospectus dated November 29, 2023, and the subsequent supplement dated March 19, 2024. Investors are cautioned that investing in Allarity's common stock involves high risk, and they should review the risk factors detailed in the March 19, 2024, prospectus supplement and other referenced documents.

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.