Alpha Cognition Announces Fourth Closing of Private Placement and Continuation of the Offering
Alpha Cognition Inc. (CSE: ACOG, OTCQB: ACOGF) has completed a fourth closing of its private placement, issuing 9,141,534 units at a price of US$0.22 per unit for gross proceeds of US$2,011,138. The company has received gross proceeds of US$4.7 million to date and is continuing the offering for up to an additional US$1.8 million. The net proceeds will be used for research and development, general and administrative matters, and working capital.
12/22/2023 - 04:32 PM
VANCOUVER, British Columbia --(BUSINESS WIRE)--
Alpha Cognition Inc. (CSE: ACOG, OTCQB: ACOGF) (“Alpha Cognition ” or the “Company ”) announces that it has completed a fourth closing pursuant to its previously announced private placement of units of the Company. Pursuant to the fourth closing, the Company issued 9,141,534 units of the Company at a price of US$0.22 per unit for gross proceeds of US$2,011,138 . Each unit consists of a common share and a warrant, with each warrant entitling the holder to purchase an additional common share at a price of US$0.31 for a period of three years. The gross proceeds of the offering received to date are US$4.7 million . The Company is continuing the offering of units on the same terms for up to an additional US$1.8 million .
The Company expects to use the net proceeds from the private placement for research and development, general and administrative matters, and working capital. The Company may complete additional closings pursuant to the private placement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America . The securities have not been and will not be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
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Michael McFadden, CEO
info@alphacognition.com
https://www.alphacognition.com
Source: Alpha Cognition Inc.
What is the recent announcement from Alpha Cognition Inc. (ACOG)?
Alpha Cognition Inc. (CSE: ACOG, OTCQB: ACOGF) has completed a fourth closing of its private placement, issuing 9,141,534 units at a price of US$0.22 per unit for gross proceeds of US$2,011,138.
How much has Alpha Cognition Inc. raised through the private placement so far?
The company has received gross proceeds of US$4.7 million to date and is continuing the offering for up to an additional US$1.8 million.
What will the net proceeds from the private placement be used for?
The net proceeds will be used for research and development, general and administrative matters, and working capital.
