PolarityTE (PTE) Announces $5M Registered Direct Offering

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Go back to PolarityTE (PTE) Announces $5M Registered Direct Offering

PolarityTE Announces $5.0 Million Registered Direct Offering

March 16, 2022 8:00 AM EDT

SALT LAKE CITY, March 16, 2022 /PRNewswire/ -- PolarityTE, Inc. (Nasdaq: PTE) ("PolarityTE" or the "Company"), a biotechnology company developing regenerative tissue products and biomaterials, today announced that it has entered into a securities purchase agreement with a single healthcare-focused institutional investor to sell 3,000.000435 shares of Series A convertible preferred stock and 2,000.00029 shares of Series B convertible preferred stock and warrants to purchase up to an aggregate of 16,393,445 shares of common stock. Each share of Series A and Series B preferred stock has a stated value of $1,000 per share and a conversion... More