Solana treasury company Artelo Biosciences to raise $11 million through share offering
ChainCatcher reports that Nasdaq-listed Solana treasury company Artelo Biosciences has announced a private placement of a total of 3,188,407 shares of common stock at a price of $3.45 per share, raising a total of $11 million. In addition, the company also disclosed that it will issue up to 6,376,814 warrants to purchase shares of common stock at a price of $3.20 per share. If all warrants are exercised in cash, the total amount raised would be approximately $20.4 million. The transaction is expected to be completed around March 30.
According to market news, the latest data from Strategic Solana Reserve shows that Artelo currently holds 45,883 SOL.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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