QualityStocksNewsBreaks – 180 Life Sciences Corp. (NASDAQ: ATNF) Closes on Private Placement with Gross Proceeds of $11.7M
180 Life Sciences Corp. (NASDAQ: ATNF), a clinical-stage biotechnology company focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, has announced the closing of its previously announced private placement. The private placement included 2,564,000 shares of common stock and accompanying warrants, each share sold for a combined purchase price of $4.55 per share and warrant. The private placement resulted in gross proceeds of $11.7 before deducting customers fee. The announcement noted that the warrants were immediately exercisable at $5.00 per share; they are also set to expire five years from the date…