Oragenics (NYSE American: OGEN), a company focused on developing unique, intranasal pharmaceuticals for the treatment of neurological disorders, announced the closing of its previously announced public offering. The offering consisted of 3,078,378 shares of the company’s common stock at an offering price of $0.55 per unit and pre-funded warrants to purchase up to 5,028,206 shares of common stock at $0.549 per unit. The offering raised approximately $4.45 million in gross proceeds before deductions, with the company planning to use the net proceeds to fund the continued development of its ONP-002 product candidate and for general corporate purposes and working capital. Dawson James Securities, Inc. acted as the sole placement agent for the offering.
To view the full press release, visit https://ibn.fm/mYd23
About Oragenics Inc.
Oragenics is a development-stage biotechnology company focused on nasal delivery of pharmaceutical medications in neurology and fighting infectious diseases, including drug candidates for treating mild traumatic brain injury, also known as concussion, and for treating Niemann Pick Disease Type C (“NPC”), as well as proprietary powder formulation and an intranasal delivery device. For more information about the company, please visit www.Oragenics.com.
NOTE TO INVESTORS: The latest news and updates relating to OGEN are available in the company’s newsroom at http://ibn.fm/OGEN
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