Painreform Ltd. (PRFX) has released an update.
PainReform Ltd. has announced a $4 million public offering of 5 million shares and warrants, with proceeds aimed at advancing clinical studies and general corporate purposes. The offering, priced at an accessible $0.80 per share and warrant, is set to close on April 18, 2024, pending customary conditions. In conjunction, the company has also agreed to amend previously issued warrants to reduce their exercise price to the same level as the new offering.
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