StockWatch
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Biotechnology: Pharmaceutical Preparations
InvestmentApr 16, 2026, 08:21 AM

Acurx Pharma Raises $2.5M via Direct Offering

AI Summary

Acurx Pharmaceuticals, Inc. entered into a Securities Purchase Agreement on April 15, 2026, for a registered direct offering. The company agreed to sell 816,068 shares of common stock at $3.03 per share and pre-funded common stock purchase warrants for up to 9,017 shares at $3.029 per share. This offering is expected to generate approximately $2.5 million in gross proceeds, which will be used for working capital and other general corporate purposes.

Key Highlights

  • Raised approximately $2.5 million in gross proceeds from the offering.
  • Issued 816,068 shares of common stock at $3.03 per share.
  • Issued pre-funded warrants to purchase 9,017 shares at $3.029 per share.
  • Net proceeds will be used for working capital and general corporate purposes.