Telomir Pharmaceuticals, Inc. (TELO) has released an update.
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Telomir Pharmaceuticals, Inc. successfully conducted a public offering on February 8, 2024, underwriting 1,000,000 shares at $7.00 each, resulting in $7 million gross proceeds before expenses through Kingswood Investments. The offering, which closed on February 13, included a possible additional purchase of 150,000 shares and granted Kingswood warrants for 50,000 shares at the offering price. The deal included customary terms and a lock-up period restricting the sale of securities by insiders. Concurrently, the company’s stock, TELO, began trading on The Nasdaq Capital Market, supported by press releases about the offering’s pricing and closure.
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