Decoy Therapeutics issues warrants for 2,368,868 shares at USD 3.25 each - DCOY News | RalliesDecoy Therapeutics issues warrants for 2,368,868 shares at USD 3.25 each
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DCOY• Warrant terms and registration plans
- Series A Milestone Warrants and Series C Milestone Warrants exercise prices cut to $3.25 from $5.91.
- Investor to receive new unregistered warrants for 2,368,868 shares at $3.25, exercisable after stockholder approval; five-year term.
- Company plans to file an SEC registration statement covering resale of shares issuable upon exercise of the New Warrants.
Warrant inducement deal and expected proceeds
- Decoy Therapeutics entered a warrant inducement deal for immediate exercise of 1,184,434 Series B Milestone Warrants at $3.25.
- Expected gross proceeds of about $3.85 million; closing targeted for Sept. 23, 2026.
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