Conexeu Sciences raises $4.75 million in private placement
CNXU•Conexeu Sciences raised $4.75 million in a private placement that closed October 15, 2026, for working capital and general corporate purposes.
1. Placement details
The placement included 1,333,333 units priced at $3 each, with each unit comprising one common share and one warrant. An additional 250,000 special warrants priced at $3 each raised $750,000; they are set to convert automatically into units by February 16, 2027, or earlier. The warrants have a $3 exercise price and are exercisable for 24 months from issuance.
2. Pending subscriptions
Management and directors subscribed for another 83,334 units totaling $250,002, but those subscriptions remain in escrow pending stockholder approval, and the securities have not been issued.
