180 Life Sciences (NASDAQ: ATNF), a clinical-stage biotechnology company, has closed on its previously announced public offering. The offering was comprised of 4,615,385 shares of the company’s common stock (or common stock equivalents in lieu thereof) as well as warrants to purchase up to 4,615,385 shares of common stock at a purchase price per share (and accompanying warrant) of $0.65. According to the announcement, the warrants were immediately exercisable, also at $0.65 per share; the warrants will expire on Oct. 10, 2028. The company announced that gross proceeds from the offering totaled an estimated $3 million, before deducting fees and other offering expenses. 180 Life Sciences anticipates using the funds from the public offering for R&D as well as legal expenses and general corporate purposes, including the preparation of a marketing authorization application for Dupuytren’s Contracture in the United Kingdom and possibly the United States. A.G.P./Alliance Global Partners acted as the sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/P1st6
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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