OS Therapies Announces Initial Closing of Warrant Exercise Inducement and Exchange Offer for Initial Gross Proceeds of Approximately $7.2 Million
OS Therapies announced the initial closing of a warrant exercise inducement and exchange offer, with seven holders exercising or pre-funding warrants for 5,517,253 shares at a reduced price. The company received approximately $7.2 million in gross proceeds before fees and expenses.
Why it matters — The proceeds, together with accrued refundable U.K. R&D tax credits, are expected to fund operations through upcoming milestones, including planned regulatory submissions for Herlystic in the fourth quarter of 2026.