NurExone Announces Closing of C$1,066,078 Private Placement
Rhea-AI Summary
NurExone (OTCQB: NRXBF) closed a non-brokered private placement of 1,938,326 units at C$0.55 per unit, raising gross proceeds of approximately C$1,066,078, subject to final TSX Venture Exchange acceptance. Proceeds are intended for general working capital.
Each unit includes one common share and one warrant. Each warrant allows purchase of one share at C$0.69 for 36 months, with an acceleration feature if the 20-day VWAP reaches C$1.38. All securities are subject to a hold period until December 21, 2026. NurExone develops exosome-based regenerative therapies, led by its preclinical candidate ExoPTEN for acute spinal cord and optic nerve damage.
Positive
- C$1,066,078 gross proceeds from private placement
- 1,938,326 new units issued with attached warrants
- Warrants priced at C$0.69 with 36-month term and acceleration clause
- Proceeds allocated to general working capital purposes
Negative
- Issuance of 1,938,326 new common shares creates shareholder dilution
- Additional dilution possible if all attached warrants are exercised
AI-generated analysis. How Rhea-AI works. Not financial advice.
TORONTO, and HAIFA, Israel, Aug. 21, 2026 (GLOBE NEWSWIRE) -- NurExone Biologic Inc. (TSXV: NRX) (OTCQB: NRXBF) (FSE: J90) (“NurExone” or the “Company”), a biopharmaceutical company developing exosome-based regenerative therapies, is pleased to announce that it has closed a non-brokered private placement of 1,938,326 units (“Units”) at a price of C
Each Unit consists of (i) one common share in the capital of the Company (each, a “Common Share”), and (ii) one Common Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C
The Offering remains subject to final acceptance of the TSXV. All securities issued under the Offering are subject to a statutory hold period of four months and one day from the closing date, expiring December 21, 2026.
About NurExone
NurExone is a TSXV, OTCQB, and Frankfurt-listed biotech company focused on developing regenerative exosome-based therapies for central nervous system injuries. Its lead product, ExoPTEN, has demonstrated strong preclinical data supporting clinical potential in treating acute spinal cord and optic nerve damage. Regulatory milestones, including obtaining the Orphan Drug Designation, facilitate the Company’s roadmap towards clinical trials in the U.S. and Europe. Commercially, the Company is expected to offer solutions to companies interested in quality exosomes and minimally invasive targeted delivery systems for other indications. NurExone has established Exo-Top Inc., a U.S. subsidiary, to anchor its North American activity and growth strategy.
For additional information and a brief interview, please watch Who is NurExone?, visit www.nurexone.com or follow NurExone on LinkedIn, Twitter, Facebook, or YouTube.
For more information, please contact:
Dr. Lior Shaltiel
Chief Executive Officer and Director
Phone: +972-52-4803034
Email: info@nurexone.com
Russo Partners LLC
Investor and Media Relations – United States
215 Park Ave S, Suite 1905
New York, NY 10003
Phone: 212-845-4200
Email: nurexone@russopartnersllc.com
Dr. Eva Reuter
Investor Relations – Germany
Phone: +49-69-1532-5857
Email: e.reuter@dr-reuter.eu
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements are often, but not always, identified by words such as “may”, “will”, “should”, “could”, “expect”, “intend”, “anticipate”, “believe”, “estimate”, “potential” and similar expressions.
Forward-looking statements in this press release include, without limitation, statements relating to: receipt of final acceptance of the TSXV in respect of the Offering; the intended use of proceeds of the Offering for general working capital purposes; the potential exercise of the Warrants; the Company’s ability to accelerate the expiry date of the Warrants in accordance with their terms; and statements in the “About NurExone” section regarding the Company’s development, regulatory pathway, clinical trial roadmap, commercialization strategy and platform opportunities.
Forward-looking statements are based on management’s current expectations and assumptions as of the date of this press release, including assumptions regarding: the Company’s ability to obtain final acceptance of the TSXV in respect of the Offering; the Company’s ability to use the proceeds of the Offering as currently intended; the continued availability of capital, personnel and third-party service providers on commercially reasonable terms; the Company’s ability to advance its development and regulatory plans; and the accuracy and continued relevance of the Company’s publicly disclosed scientific and regulatory information.
Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially, including, without limitation: the risk that final acceptance of the TSXV may not be obtained on a timely basis or at all; the risk that the Company may not use the proceeds of the Offering as currently intended; financing and market risks; early-stage development risk; the risk that preclinical results may not be predictive of clinical results; regulatory review timing and outcomes; dependence on third-party collaborators and suppliers; intellectual property risks; competition and technological change; and the risks described in the Company’s continuous disclosure filings available under the Company’s SEDAR+ profile at www.sedarplus.ca.
Readers are cautioned not to place undue reliance on forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company undertakes no obligation to update or revise them except as required by applicable law.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
