SAN DIEGO, CA / ACCESSWIRE / September 16, 2024 / Dermata Therapeutics, Inc. (NASDAQ:DRMA)(NASDAQ:DRMAW) ("Dermata," or the "Company"), a late-stage biotechnology company focused on the treatment of medical and aesthetic skin diseases and conditions, today announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 1,912,569 shares of common stock (or pre-funded warrant in lieu thereof) and accompanying series A warrants to purchase up to 1,912,569 shares of common stock and short-term series B warrants to purchase up to 1,912,569 shares of common stock at a purchase price of $1.83 per share of common stock (or per pre-funded warrant in lieu thereof) and accompanying series warrants in a private placement priced at-the-market under the rules of the Nasdaq Stock Market. The series A warrants and series B warrants will have an exercise price of $1.58 per share and will be exercisable immediately upon issuance. The series A warrants will expire five and one-half years from the issuance date and the series B warrants will expire eighteen months from the issuance date. The closing of the offering is expected to occur on or about September 17, 2024, subject to the satisfaction of customary closing conditions.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds from the offering are expected to be approximately $3.5 million, prior to deducting placement agent's fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from the offering for general corporate purposes which includes, without limitation, ongoing research and pre-clinical studies, clinical trials, the development of new biological and pharmaceutical technologies, investing in or acquiring companies that are synergistic with or complementary to the Company's technologies, licensing activities related to the Company's current and future product candidates, and to the development of emerging technologies, investing in or acquiring companies that are developing emerging technologies, licensing activities, or the acquisition of other businesses and working capital.
The securities described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), and/or Regulation D promulgated thereunder and, along with the shares of common stock underlying the warrants, have not been registered under the Securities Act, or applicable state securities laws. Accordingly, the warrants and underlying shares of common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Pursuant to a registration rights agreement with investors, the Company has agreed to file a resale registration statement covering the securities described above.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
About Dermata Therapeutics
Dermata Therapeutics, Inc. is a late-stage biotechnology company focusing on the treatment of medical and aesthetic skin diseases and conditions. The Company's lead product candidate, DMT310, is the Company's first product candidate being developed from its Spongilla technology platform and is currently being evaluated in a Phase 3 program. DMT310 is a once-weekly topical product candidate derived from a naturally sourced freshwater sponge with multiple unique mechanisms of action. DMT310 has been studied for the treatment of acne, rosacea, and psoriasis. The Company's second product candidate, DMT410, uses its Spongilla technology as a new method for topical intradermal delivery of botulinum toxin for the treatment of hyperhidrosis and multiple aesthetic skin conditions. Dermata is headquartered in San Diego, California.
SOURCE: Dermata Therapeutics
加利福尼亞州聖地亞哥/ACCESSWIRE/2024年9月16日/專注於治療醫學和美容皮膚病和病症的後期生物技術公司Dermata Therapeutics, Inc.(納斯達克股票代碼:DRMAW)(「Dermata」 或 「公司」)今天宣佈,它已就發行和出售總共1,912,569股普通股達成最終協議(或預先注資的認股權證(代替該認股權證)以及隨附的用於購買最多1,912,569股普通股的A系列認股權證和最多購買1股的短期b系列認股權證912,569股普通股,購買價格爲每股普通股1.83美元(或每份預先籌資的認股權證),以及根據納斯達克股票市場規則在市場上定價的私募配售中隨附的系列認股權證。A系列認股權證和b系列認股權證的行使價爲每股1.58美元,將在發行後立即行使。A系列認股權證將自發行之日起五年半到期,b系列認股權證將在發行之日起十八個月後到期。此次發行預計將於2024年9月17日左右結束,但須滿足慣例成交條件。
H.C. Wainwright & Co. 擔任本次發行的獨家配售代理。
在扣除配售代理費和公司應付的其他發行費用之前,此次發行的總收益預計約爲350萬美元。公司打算將本次發行的淨收益用於一般公司用途,包括但不限於正在進行的研究和臨床前研究、臨床試驗、新的生物和製藥技術的開發、投資或收購與公司技術具有協同作用或互補的公司、與公司當前和未來候選產品以及新興技術的開發相關的許可活動、投資或收購正在開發新興的公司技術、許可活動或收購其他業務和營運資金。
上述證券是根據經修訂的1933年《證券法》(「證券法」)第4(a)(2)條和/或根據該法頒佈的D條以私募方式發行的,與認股權證相關的普通股尚未根據《證券法》或適用的州證券法進行註冊。因此,除非根據有效的註冊聲明或《證券法》和此類適用的州證券法註冊要求的適用豁免,否則不得在美國發行或出售認股權證和普通股的標的股票。根據與投資者的註冊權協議,公司已同意提交一份涵蓋上述證券的轉售註冊聲明。
本新聞稿不構成出售要約或招攬購買這些證券的要約,也不得在根據任何此類州或其他司法管轄區的證券法進行註冊或資格認證之前,在任何州或其他司法管轄區出售這些證券是非法的。
關於 Dermata Therapeut
Dermata Therapeutics, Inc. 是一家處於後期階段的生物技術公司,專注於治療醫學和美容皮膚病和病症。該公司的主要候選產品 DMT310 是該公司首款基於其Spongilla技術平台開發的候選產品,目前正在第三階段計劃中進行評估。DMT310 是每週一次的外用候選產品,源自具有多種獨特作用機制的天然淡水海綿。DMT310 已被研究用於治療痤瘡、酒渣鼻和牛皮癬。該公司的第二款候選產品 DMT410 使用其Spongilla技術作爲局部皮內輸送肉毒毒素的新方法,用於治療多汗症和多種美容皮膚病。Dermata 總部位於加利福尼亞州聖地亞哥。
來源:Dermata Therapeutic