Hepion Pharmaceuticals (HEPA) has released an update.
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Hepion Pharmaceuticals, Inc. has successfully completed a direct offering and concurrent private placement, issuing shares and pre-funded warrants, along with additional warrants in a separate private transaction. The company has arranged a financial incentive for warrant holders to exercise their options early at a reduced price, generating significant capital. These funds are intended for general corporate purposes. The transaction also includes various terms and provisions, including anti-dilution protection, cashless exercise options, and beneficial ownership limitations. Hepion Pharmaceuticals plans to register these new securities for resale and has agreed to certain stipulations regarding its future securities transactions.
For further insights into HEPA stock, check out TipRanks’ Stock Analysis page.
