Azitra completed a public offering on July 25, 2024, raising $10 million through the sale of 6,665,000 common shares and Class A warrants. The combined offering price was $1.50 per share, with each share accompanied by warrants to purchase two additional shares. The Class A warrants are exercisable immediately at $1.50 per share and expire in five years.The company received net proceeds of approximately $8.95 million after deducting expenses and placement agent fees. Maxim Group LLC served as the exclusive placement agent, receiving a 7% cash fee and warrants to purchase 266,600 shares at $1.875 per share. The placement agent warrants become exercisable on January 23, 2025.The proceeds will be used for general corporate purposes and working capital. The offering was conducted through a Form S-1 registration statement declared effective by the SEC on July 23, 2024. The Class A warrants include a price reset provision after 30 days, with a minimum exercise price of $0.32.

Azitra completed a public offering on July 25, 2024, raising $10 million through the sale of 6,665,000 common shares and Class A warrants. The combined offering price was $1.50 per share, with each share accompanied by warrants to purchase two additional shares. The Class A warrants are exercisable immediately at $1.50 per share and expire in five years.The company received net proceeds of approximately $8.95 million after deducting expenses and placement agent fees. Maxim Group LLC served as the exclusive placement agent, receiving a 7% cash fee and warrants to purchase 266,600 shares at $1.875 per share. The placement agent warrants become exercisable on January 23, 2025.The proceeds will be used for general corporate purposes and working capital. The offering was conducted through a Form S-1 registration statement declared effective by the SEC on July 23, 2024. The Class A warrants include a price reset provision after 30 days, with a minimum exercise price of $0.32.