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XORTX Therapeutics | 6-K: Report of foreign private issuer (related to financial reporting)

XORTX Therapeutics | 6-K: Report of foreign private issuer (related to financial reporting)

XORTX Therapeutics | 6-K:外国发行人报告(业绩相关)
美股SEC公告 ·  2024/11/16 00:29

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XORTX Therapeutics reported financial results for Q3 2024, ending September 30. The company's cash position stood at $2.3M, down from $3.4M at 2023 year-end. Net loss for the quarter was $587,011, an improvement from $1.3M in Q3 2023. R&D expenses decreased significantly to $34,741 from $569,713 YoY.In February and March 2024, XORTX raised $2M through a private placement of 899,717 units at CAD $3 per unit. Each unit included one common share and one warrant exercisable at CAD $4.50 for two years. The company also extended its office lease to May 2025.Post quarter-end, on October 18, XORTX closed a $1.5M registered direct offering and concurrent private placement, issuing units consisting of common shares or pre-funded warrants, plus warrants exercisable at $2.18 for five years. Proceeds will be used for working capital and general corporate purposes as the company advances its kidney disease therapies.
XORTX Therapeutics reported financial results for Q3 2024, ending September 30. The company's cash position stood at $2.3M, down from $3.4M at 2023 year-end. Net loss for the quarter was $587,011, an improvement from $1.3M in Q3 2023. R&D expenses decreased significantly to $34,741 from $569,713 YoY.In February and March 2024, XORTX raised $2M through a private placement of 899,717 units at CAD $3 per unit. Each unit included one common share and one warrant exercisable at CAD $4.50 for two years. The company also extended its office lease to May 2025.Post quarter-end, on October 18, XORTX closed a $1.5M registered direct offering and concurrent private placement, issuing units consisting of common shares or pre-funded warrants, plus warrants exercisable at $2.18 for five years. Proceeds will be used for working capital and general corporate purposes as the company advances its kidney disease therapies.
XORTX Therapeutics公布了2024年第三季度的财务结果,截止到9月30日。公司的现金持有量为230万美元,低于2023年年末的340万美元。本季度净亏损为587,011美元,较2023年第三季度的130万美元有所改善。研发费用同比大幅下降至34,741美元,低于569,713美元。在2024年2月和3月,XORTX通过定向增发899,717个单位筹集了200万加元,每个单位的价格为3加元。每个单位包括一股普通股和一个在两年内可按4.50加元行使的Warrants。该公司还将办公租约延长至2025年5月。季度结束后,在10月18日,XORTX完成了150万美元的注册直接发行和同时的定向增发,发行的单位包括普通股或预先资金的Warrants,以及可在五年内按2.18美元行使的Warrants。筹集的资金将用于营运资金和一般公司用途,以支持公司的肾病疗法的发展。
XORTX Therapeutics公布了2024年第三季度的财务结果,截止到9月30日。公司的现金持有量为230万美元,低于2023年年末的340万美元。本季度净亏损为587,011美元,较2023年第三季度的130万美元有所改善。研发费用同比大幅下降至34,741美元,低于569,713美元。在2024年2月和3月,XORTX通过定向增发899,717个单位筹集了200万加元,每个单位的价格为3加元。每个单位包括一股普通股和一个在两年内可按4.50加元行使的Warrants。该公司还将办公租约延长至2025年5月。季度结束后,在10月18日,XORTX完成了150万美元的注册直接发行和同时的定向增发,发行的单位包括普通股或预先资金的Warrants,以及可在五年内按2.18美元行使的Warrants。筹集的资金将用于营运资金和一般公司用途,以支持公司的肾病疗法的发展。
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