Equillium expects $20 million from private placement milestone closing
EQ•Equillium expects to close a $20 million financing under its August 2025 equity private placement agreement. The closing would bring total proceeds to about $50 million, with cash expected to fund planned operations into 2029.
1. Financing terms
Investors will purchase 14,957,260 shares of common stock at $0.57 per share, along with 20,130,457 pre-funded warrants priced at $0.5669 each. Equillium expects the closing to bring total proceeds from the private placement to approximately $50 million.
2. Expected runway
Including the proceeds, Equillium expects its cash and cash equivalents to fund currently planned operations into 2029.
