Telomir Pharmaceuticals enters into stock purchase agreement for $1M

In a regulatory filing, the company states: “On December 9, 2024, Telomir Pharmaceuticals (TELO) entered into a Stock Purchase Agreement with a certain accredited investor, pursuant to which the Company issued 142,857 shares of common stock at a price of $7 per share for a total of $1 million, a 20% premium to the closing price of the Company’s common stock on the date of the transaction. The transaction did not involve the issuance of any warrants. This transaction follows a $5 million non-dilutive line of credit extended to the Company earlier this year by the same accredited investor, which remains undrawn to date.”