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  • November 25, 2020

Closing of shareholder offering

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Closing of shareholder offering
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Vaneltix announces the results of the 2020 Stockholder Offering and Bridge Loan Conversion: The company raised additional proceeds of $900,000 and all the Bridge Loans were converted into Common Stock at their respective conversion prices. All the conversions and purchases were eligible to apply for the Angel Investor NJ Tax Credit, and as a result of the 2020 Securities Modification and the Stockholder Offering, the Company is for the first time mainly debt free and the Company has no liens nor encumbrances on its assets.

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Vaneltix Pharma, Inc.
317 George St., Ste. 400,
New Brunswick, NJ 08901
United States
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