Revere Bank (REVB) Announces Equity Offering with $7.76M In Proceeds

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Go back to Revere Bank (REVB) Announces Equity Offering with $7.76M In Proceeds

Revelation Biosciences Raises $7.76 Million in Equity Financing

January 24, 2022 8:00 AM EST

SAN DIEGO, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Revelation Biosciences Inc. (NASDAQ: REVB) (the Company or Revelation), a clinical-stage life sciences company that is focused on the development of immunologicbased therapies for the prevention and treatment of disease, announced today that it has entered into a definitive agreement with a leading healthcare-focused institutional investor, pursuant to which the Company agreed to sell 1,293,126 shares of Common Stock (Shares) at a gross purchase price of $3.00 per Share. Additionally, Revelation has agreed to issue to the investor unregistered warrants to purchase up to 2,586,667 shares (the Common Warrants), as well as... More