180 Life Sciences (NASDAQ: ATNF), a clinical-stage biotechnology company, announced the pricing of its current public offering. The offering consists of up to 4,615,385 shares of the company’s common stock and warrants for purchase at $0.65 per share. According to the announcement, the warrants, which will expire on Oct. 10, 2028, will be immediately exercisable at an exercise price of $0.65 per share. The company anticipates gross proceeds from the offering to be approximately $3 million, before deductions such as placement agent fees and other offering expenses. The offering should close on or about Aug. 14, 2023, and will be subject to customary closing conditions. 180 Life Sciences expects to use the funds from the offering for R&D expenses as well as general corporate purposes, including the preparation of a marketing authorization application for Dupuytren’s Contracture and legal expenses. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/7Y8E2
About 180 Life Sciences Corp.
180 Life Sciences is a clinical-stage biotechnology company focused on the development of therapeutics for unmet medical needs in chronic pain, inflammation and fibrosis by employing innovative research and, where appropriate, combination therapy. The company’s current primary focus is a novel program to treat several inflammatory disorders using anti-TNF (tumor necrosis factor). For more information about the company, visit www.180LifeSciences.com.
NOTE TO INVESTORS: The latest news and updates relating to ATNF are available in the company’s newsroom at https://ibn.fm/ATNF
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