Rakovina Therapeutics Announces Private Placement Offering
28 11월 2024 - 11:33AM
Rakovina Therapeutics Inc. (TSX-V: RKV, the
“Company” or “Rakovina Therapeutics”) a biopharmaceutical company
committed to advancing new cancer therapies based on novel
DNA-damage response technologies is pleased to announce a
non-brokered private placement offering (the “Offering”) of up to
$1.25 million.
The Company has received initial commitments totaling over
$800,000 from strategic investors in connection with the
Offering.
The Offering is structured as units priced at $0.06 each, with
each unit consisting of one common share and one warrant to
purchase a common share. Each warrant entitles the holder to
purchase one additional common share at a price of $0.10 per share,
exercisable for a period of 24 months. Rakovina retains the right
to accelerate the warrant exercise period if the 20-day
volume-weighted average price of its shares exceeds $0.30
cents.
The Company plans to use the proceeds to continue the discovery
and advancement of novel cancer treatments by leveraging
collaborations with two proprietary Artificial Intelligence (AI)
platforms: the Deep Docking™ AI platform and the Variational AI
Enki™ Platform. The Company also plans to continue the development
of its kt-3000 series through collaborations and partnerships with
biotech and pharma companies.
"We are deeply grateful to our investors—both long-standing and
new—whose confidence reinforces the promise of our development
efforts,” said Jeffrey Bacha, Executive Chairman of Rakovina
Therapeutics. “Our recent data demonstrates that the Deep Docking
AI platform has delivered on its objective, generating a focused
shortlist of potential best-in-class PARP-1 inhibitor candidates
capable of crossing the blood-brain barrier. The next critical step
is validating these promising candidates using our wet-lab
infrastructure at the University of British Columbia while
advancing work on our next target. This financing provides the
additional resources necessary to achieve these goals."
The Units will be sold on a non-brokered “private placement”
basis in accordance with applicable Canadian securities laws and
under applicable exemptions from prospectus and registration
requirements and the securities will be subject to resale
restrictions for a period of four months plus one day from the date
of issue.
About Rakovina Therapeutics
Inc.
Rakovina Therapeutics Inc. is focused on the development of new
cancer treatments based on novel DNA-damage response technologies.
The Company has established a pipeline of novel DNA-damage response
inhibitors with the goal of advancing one or more drug candidates
into human clinical trials and obtaining marketing approval for new
cancer therapeutics from Health Canada, the United States Food and
Drug Administration and similar international regulatory agencies.
Further information may be found at
www.rakovinatherapeutics.com.
The TSXV has neither approved nor disapproved the content of
this press release. Neither the TSXV nor its Regulation Services
Provider (as that term is defined in policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
Notice Regarding
Forward-Looking Statements:
This release includes forward-looking statements regarding the
Company and its respective business, which may include, but is not
limited to, statements with respect to the terms of the private
placement, the closing of the private placement, the investors who
will participate in the private placement, the proposed business
plan of the Company; the Company’s commitment to advancing new
cancer therapies; the ability of the Company to extract value from
the Deep Docking AI platform; the Company’s ability to execute on
its business plans while maintaining high standards of research;
the ability of Pharma Inventor Inc. to accurately provide medicinal
chemistry support; the projected timeline and effectiveness of the
Company’s strategy to utilize the Deep Docking AI platform; and the
Company’s ability to generate shareholder value. Often, but not
always, forward-looking statements can be identified by the use of
words such as “plans”, “is expected”, “expects”, “scheduled”,
“intends”, “contemplates”, “anticipates”, “believes”, “proposes” or
variations (including negative variations) of such words and
phrases, or state that certain actions, events, or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved.
Such statements are based on the current expectations of the
management of the Company. The forward-looking events and
circumstances discussed in this release may not occur by certain
specified dates or at all and could differ materially as a result
of known and unknown risk factors and uncertainties affecting the
Company, including risks regarding the medical device industry,
economic factors, regulatory factors, the equity markets generally
and risks associated with growth and competition.
Although the Company has attempted to identify important factors
that could cause actual actions, events, or results to differ
materially from those described in forward-looking statements,
there may be other factors that cause actions, events, or results
to differ from those anticipated, estimated or intended. No
forward-looking statement can be guaranteed. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and the Company undertakes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise. The reader is referred to the Company’s most recent
filings on SEDAR for a more complete discussion of all applicable
risk factors and their potential effects, copies of which may be
accessed through the Company’s profile page at www.sedar.com.
For Further Information Contact:
David Hyman, Chief Financial Officer
info@rakovinatherapeutics.com
Invest Relations & Media Michelle
Seltenrichir@rakovinatherapeutics.com 778-773-5432
Rakovina Therapeutics (TSXV:RKV)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Rakovina Therapeutics (TSXV:RKV)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024