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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:外國發行人報告(業績相關)
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發佈了2024年第三季度的財務報告,截止至9月30日。公司的現金狀況爲230萬美元,低於2023年年末的340萬美元。本季度的淨虧損爲587,011美元,相比2023年第三季度的130萬美元有所改善。研發費用大幅減少,從去年的569,713美元降至34,741美元。在2024年2月和3月,XORTX通過定向增發899,717個單位籌集了200萬美元,每單位價格爲加元3元。每個單位包括一股普通股和一個可在兩年內以加元4.50行使的Warrants。公司還將辦公室租約延長至2025年5月。在季度結束後,10月18日,XORTX完成了150萬美元的註冊直接發行及同時的定向增發,發行的單位包括普通股或預融資Warrants,以及可在五年內以2.18美元行使的Warrants。所得款項將用於營運資金和一般企業用途,以推動公司在腎病治療方面的發展。
XORTX Therapeutics發佈了2024年第三季度的財務報告,截止至9月30日。公司的現金狀況爲230萬美元,低於2023年年末的340萬美元。本季度的淨虧損爲587,011美元,相比2023年第三季度的130萬美元有所改善。研發費用大幅減少,從去年的569,713美元降至34,741美元。在2024年2月和3月,XORTX通過定向增發899,717個單位籌集了200萬美元,每單位價格爲加元3元。每個單位包括一股普通股和一個可在兩年內以加元4.50行使的Warrants。公司還將辦公室租約延長至2025年5月。在季度結束後,10月18日,XORTX完成了150萬美元的註冊直接發行及同時的定向增發,發行的單位包括普通股或預融資Warrants,以及可在五年內以2.18美元行使的Warrants。所得款項將用於營運資金和一般企業用途,以推動公司在腎病治療方面的發展。
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