Back to today’s briefing

Story perspectives

Phio Pharmaceuticals Raises $1.83 Million in Direct Offering

1/17/2025

26 4

Summary

Story summary

Phio Pharmaceuticals Corp. is set to raise $1.83 million through a registered direct offering, selling 610,000 shares at $3.00 each. Alongside this, the company will issue short-term warrants for an additional 1,220,000 shares. This funding aims to bolster working capital, with the offering expected to close around January 17, 2025, facilitated by H.C. Wainwright & Co.

1 of 1

Story summary

Phio Pharmaceuticals Corp. is set to raise $1.83 million through a registered direct offering, selling 610,000 shares at $3.00 each. Alongside this, the company will issue short-term warrants for an additional 1,220,000 shares. This funding aims to bolster working capital, with the offering expected to close around January 17, 2025, facilitated by H.C. Wainwright & Co.