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60 Degrees Pharmaceuticals raises $1M via private stock and warrant sale under Nasdaq rules

Company Fundamentals
31 Jul 2026, 01:23 WIB
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60 Degrees Pharmaceuticals raises $1M via private stock and warrant sale under Nasdaq rules

60 Degrees Pharmaceuticals announced a private placement offering of 574,713 shares and warrants at $1.74 each, expected to raise about $1 million before fees. The offering includes series A and B warrants exercisable at $1.49 per share, with expiration terms of five years and two years respectively. Proceeds will support working capital and general corporate purposes. The company specializes in medicines for vector-borne diseases and has FDA-approved malaria prevention drug ARAKODA® available in the US and Australia.

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