SARASOTA, Fla., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Oragenics, Inc. (NYSE:OGEN), a company focused on developing unique, intranasal pharmaceuticals for the treatment of neurological disorders, today announced the closing of its previously announced offering of 3,078,378 shares of its common stock and pre-funded warrants to purchase up to 5,028,206 shares of common stock at an offering price of $0.55 per share and $0.549 per pre-funded warrant. Immediately after the closing of the offering, the Company has 8,659,071 shares of common stock outstanding and pre-funded warrants to acquire up to 5,028,206 shares of common stock outstanding. The exercise price of each pre-funded warrant is $0.001.
The gross proceeds of the offering are approximately $4.45 million before deducting placement agent fees and other estimated offering expenses payable by the Company. The Company intends to use the proceeds from the offering to fund the continued development of its ONP-002 product candidate and for general corporate purposes and working capital.
Dawson James Securities, Inc. acted as the sole placement agent for the offering.
Shumaker, ...
