Form 8-K Akari Therapeutics Plc For: Mar 11

Go back to Form 8-K Akari Therapeutics Plc For: Mar 11

Akari Therapeutcis (AKTX) Enters $1.615M Private Placement

March 11, 2024 5:26 PM EDT

On March 11, 2024, Akari Therapeutcis (NASDAQ: AKTX) entered into a definitive agreement (the Purchase Agreement) with certain existing investors, pursuant to which the Company agreed to sell and issue in a private placement (the Private Placement) approximately $1,615,000 of unregistered American Depository Shares (ADSs), each representing 2,000 of the Companys ordinary shares, at a to be determined purchase price per ADS equal to the lower of: (i) $1.57 (the product of 0.7 and the official closing price of the ADSs on The Nasdaq Stock Market (Nasdaq) on March 4, 2024, the trading day immediately preceding the public announcement of the Companys entry into... More