Solana Treasury Company Artelo Biosciences raises 11 million USD through a share placement.

GateNews

2026-03-28 02:31:42

SOL1,64%

Gate News, March 28 - Artelo Biosciences, a company listed on Nasdaq, announced a private placement to raise funds. The company will sell 3,188,407 shares of common stock at a price of $3.45 per share, raising a total of $11 million. Additionally, the company will sell warrants for up to 6,376,814 shares of common stock at a price of $3.20 per share; if the warrants are fully exercised for cash, the total amount raised will be approximately $20.4 million. The transaction is expected to be completed around March 30. According to StrategicSolanaReserve data, Artelo currently holds 45,883 SOL.

View Source

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments