Elutia (ELUT) Announces $15M Offering at $2.50/sh
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Elutia Announces $15.0 Million Registered Direct Offering
February 3, 2025 6:30 AM ESTSILVER SPRING, Md., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Elutia Inc. (Nasdaq: ELUT) (Elutia or the Company) today announced it has entered into a definitive agreement with investors for the purchase and sale of 5,520,000 shares of the Companys Class A common stock at a purchase price of $2.50 per share and 480,000 prefunded warrants to purchase up to 480,000 shares of the Companys Class A common stock at a purchase price of $2.499 per prefunded warrant in a registered direct offering. The prefunded warrants are immediately exercisable at an exercise price of $0.001 per each prefunded warrant. The... More
