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Exchange Listed Funds Trust (ARMR) generates news related to its operations as a publicly traded investment vehicle. The trust's news flow typically includes capital formation activities, regulatory filings, operational updates, and strategic developments relevant to its investment framework and market positioning.
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ARMR Sciences Inc. has launched a capital raise of up to $30 million, expandable to $50 million, through a private placement of Series A-1, 7% Convertible Preferred Stock. The company is developing biodefense solutions against fentanyl and synthetic drug threats, with plans for a public offering and Nasdaq listing in late 2025 or early 2026.
The company's flagship product, ARMR-100, is an immunotherapy developed at the University of Houston that showed promising results in animal studies, preventing 92% of fentanyl from entering the brain and achieving 100% blockage of the drug's effects. The technology demonstrated no cross-reactivity with common pain medications. ARMR plans to begin human trials in partnership with the Center for Human Drug Research (CHDR).
Additionally, ARMR is establishing ARMR Defense Labs to develop an AI-powered drug discovery platform for creating countermeasures against emerging synthetic threats.