Polyrizon closes $4.0 million registered direct offering and private placement

  • Polyrizon Ltd. completed a $4 million financing with one institutional buyer
  • The financing included 232,500 shares, 100,833 pre-funded warrants and 333,333 common warrants
  • Polyrizon plans to use net proceeds for working capital and corporate purposes

Polyrizon Ltd. completed a $4 million financing with one institutional buyer on September 4, combining a registered direct offering with a concurrent private placement. The company issued 232,500 ordinary shares and 30,000 pre-funded warrants in the registered portion, while the private placement added 70,833 pre-funded warrants and 333,333 common warrants. Shares of Polyrizon traded at $12.00, down 3.34%, after the closing. The company expects to use net proceeds, together with existing cash, for working capital and general corporate needs. The financing expands Polyrizon's equity base through issued shares and securities that can convert into additional ordinary shares.

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