AeroClean Technologies (AERC) Announces 1.5M Share Private Placement at $10/sh

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AeroClean Technologies, Inc. Announces $15.0 Million Private Placement

June 27, 2022 9:00 AM EDT

PALM BEACH GARDENS, Fla., June 27, 2022 (GLOBE NEWSWIRE) -- AeroClean Technologies, Inc. (AeroClean or the Company) (Nasdaq: AERC), announced today that it has entered into a securities purchase agreement with a single institutional investor for the purchase of 1,500,000 shares of its common stock and warrants to purchase up to an aggregate of 1,500,000 shares of common stock in a private placement. The purchase price for one share of common stock and a warrant to purchase one share of common stock is $10.00. The warrants have an exercise price of $11.00 per share. Warrants with respect to 1.26 million... More