Brief: Spruce Biosciences Announces $53.6 Million Private Placement Financing

Spruce Biosciences

09/02/2023 14:09

Feb 9 (Reuters) - Spruce Biosciences Inc  SPRB.O :
    * SPRUCE BIOSCIENCES ANNOUNCES $53.6 MILLION PRIVATE
PLACEMENT
FINANCING
    * SPRUCE BIOSCIENCES INC - FINANCING IS EXPECTED TO ALLOW US
TO
FUND OPERATING AND CAPITAL EXPENDITURES INTO FIRST HALF OF 2025
    * SPRUCE BIOSCIENCES INC - COMBINED PURCHASE PRICE OF $3.17
PER
SHARE AND ACCOMPANYING WARRANT
    * SPRUCE BIOSCIENCES INC - INVESTORS AGREED TO PURCHASE
ABOUT 16.1
MILLION SHARES OF CO, ACCOMPANYING WARRANTS TO PURCHASE UP TO
ABOUT 12.7 MILLION SHARES

Source text for Eikon:  ID:nBw7X85Kxa 
Further company coverage:  SPRB.O 
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