Nanophase (NANX) Announces $6M Financing
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Nanophase Announces $6M Financing
March 5, 2024 4:01 PM ESTROMEOVILLE, Ill., March 05, 2024 (GLOBE NEWSWIRE) -- Nanophase Technologies Corporation (OTCQB: NANX), a leader in minerals-based and scientifically-driven health care solutions across beauty and life science categories with innovations that protect skin from environmental aggressors and aid in medical diagnostics announced today that it has concluded an equity financing in the amount of $6M with Strandler, LLC, an affiliate of its largest shareholder, Bradford T. Whitmore. The structure of the financing was in the form of convertible preferred stock. Strandler has purchased 15,000 shares of Nanophase Series X preferred shares, each of which will be... More
