Phio Pharmaceuticals (PHIO) to Receive $3.1M Gross Proceeds from Warrant Exercise

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Go back to Phio Pharmaceuticals (PHIO) to Receive $3.1M Gross Proceeds from Warrant Exercise

Phio Pharmaceuticals Announces Exercise of Warrants for $3.1 Million Gross Proceeds

July 12, 2024 8:02 AM EDT

Marlborough, Massachusetts--(Newsfile Corp. - July 12, 2024) - Phio Pharmaceuticals Corp. (NASDAQ: PHIO) (the "Company"), a clinical stage biotechnology company whose proprietary INTASYL siRNA gene silencing technology is designed to make immune cells more effective in killing tumor cells, today announced the entry into definitive agreements to exercise certain outstanding warrants to purchase up to an aggregate of 545,286 shares of common stock of the Company originally issued in February 2020 through December 2023, having exercise prices between $324.00 and $9.72 per share, at a reduced exercise price of $5.45 per share. The shares of common stock issuable upon... More