PaxMedica secures immediate exercise of warrants
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Should l Buy ?
Warrant Exercise Agreement: PaxMedica has entered into agreements for the immediate exercise of warrants to purchase 4,423,080 shares of common stock at a reduced price of $0.20 per share, with an expected closing date around September 4, 2024.
Use of Proceeds: The company anticipates gross proceeds of approximately $884,616 from this exercise, which will be allocated towards the development of PAX-101, working capital, and general corporate purposes.
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About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





