August 25, 2021
Aug. 25, 2021 /PRNewswire/ — RenovoRx, Inc., a biopharmaceutical company and innovator in targeted cancer therapy, announced the pricing of its underwritten initial public offering of 1,850,000 units at a public offering price per unit of $9.00. Each unit consists of one share of common stock and one warrant to purchase one share of common stock. The warrants have an exercise price of $10.80 per share and are exercisable for a period of five years after the issuance date. All of the units are being offered by RenovoRx. In addition, RenovoRx granted the underwriters a 45-day option to purchase up to an additional 277,500 shares of its common stock and/or warrants to purchase up to an additional 277,500 shares of its common stock, at the initial public offering price, less the underwriting discounts and commissions. FLG partner Linda Rubinstein assisted as advisor.
Full press release is here.