Medicus Pharma Ltd. Announces Pricing Of US$4.0M Initial Public Offering In The United States
Medicus Pharma Ltd. Announces Pricing Of US$4.0M Initial Public Offering In The United States . (MENAFN - Newsfile Corp) 
Toronto, Ontario and Philadelphia, Pennsylvania--(Newsfile Corp. - November 13, 2024) - Medicus Pharma Ltd (NASDAQ: MDCX) (TSXV: MDCX) (the "Company") today announced the ...
América - MenaFN
(MENAFN- Newsfile Corp) Toronto, Ontario and Philadelphia, Pennsylvania--(Newsfile Corp. - November 13, 2024) - Medicus Pharma Ltd (NASDAQ: MDCX) (TSXV: MDCX) (the "Company") today announced the pricing of its initial in the United States of 970,000 units, at a price of US$4.125 per unit. Each unit consists of one common share of the Company and one warrant to purchase one common share. The warrants will have an exercise price of US$4.64 per share and will expire 5 years from the date of issuance.

The common shares and the warrants are expected to commence trading on The Capital ("Nasdaq") under the symbols "MDCX" and "MDCXW," respectively, on November 14, 2024. The common shares will continue to trade on the TSX Venture Exchange ("TSXV") under the symbol "MDCX". The warrants will not trade on the TSXV. The offering is expected to close on November 15, 2024, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering to fund its Phase 2 proof of concept clinical trial for treatment of basal cell carcinoma using its doxorubicin tip loaded dissolvable microarray needle skinpatch. The Company may also use the net proceeds of the offering to expand its exploratory phase 2 clinical trial to a pivotal trial and/or to expand its trials to cover other non-melanoma skin diseases. The company will use any remaining net proceeds for general corporate purposes and working capital.

Maxim Group LLC is acting as the sole book-running manager for the offering and Brookline Capital Markets, a division of Arcadia Securities, LLC, is acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 145,500 common shares and/or warrants at the initial public offering price to cover over-allotments, if any.

This offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, NY 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at ....

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State or jurisdiction.
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https://menafn.com/1108883765/Medicus-Pharma-Ltd-Announces-Pricing-Of-US40M-Initial-Public-Offering-In-The-United-States
2024-11-13
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(MENAFN - Newsfile Corp) 
Toronto, Ontario and Philadelphia, Pennsylvania--(Newsfile Corp. - November 13, 2024) - Medicus Pharma Ltd (NASDAQ: MDCX) (TSXV: MDCX) (the "Company") today announced the ...
Medicus Pharma Ltd. Announces Pricing Of US$4.0M Initial Public Offering In The United States