60 Degrees Pharmaceuticals issues Series A, Series B warrants exercisable at $1.49 in $1 million private placement
SXTP•Private placement terms
60 Degrees Pharmaceuticals priced a private placement at $1.74 per share with Series A warrants for 574,713 shares.
The company also issued short-term Series B warrants for 574,713 shares; both warrant series carry a $1.49 exercise price.
Expected proceeds and closing
Gross proceeds are expected at about $1 million, excluding any warrant exercise proceeds. Closing is expected around July 31, 2026.
Warrant expiration and registration rights
Series A warrants expire five years from the effective date of the resale registration statement; Series B warrants expire after 24 months.
A registration rights agreement requires a resale registration statement covering the securities, including shares underlying the warrants.
