Protagenic Therapeutics (NASDAQ: PTIX) has secured $3.1 million in funding through warrant exchanges and exercises over a four-day trading period. The company plans to utilize these proceeds for working capital requirements and to advance its development of peptide-based drug candidates targeting stress-related and central nervous system disorders. This financial development follows Protagenic's recently announced business combination with Phytanix Bio Inc. on May 19, 2025, which has consolidated six complementary drug development programs focusing on stress disorders, epilepsy, obesity, and other indications under a single entity.
Protagenic Therapeutics (NASDAQ: PTIX) ha ottenuto 3,1 milioni di dollari di finanziamento tramite scambi ed esercizi di warrant in un periodo di quattro giorni di contrattazioni. L'azienda intende utilizzare questi fondi per esigenze di capitale circolante e per avanzare nello sviluppo di candidati farmaceutici peptidici mirati a disturbi legati allo stress e al sistema nervoso centrale. Questo sviluppo finanziario segue la recente fusione annunciata da Protagenic con Phytanix Bio Inc. il 19 maggio 2025, che ha unito sei programmi complementari di sviluppo farmaceutico focalizzati su disturbi da stress, epilessia, obesità e altre indicazioni sotto un'unica entità.
Protagenic Therapeutics (NASDAQ: PTIX) ha asegurado 3,1 millones de dólares en financiamiento mediante intercambios y ejercicios de warrants durante un período de cuatro días de negociación. La compañía planea utilizar estos fondos para necesidades de capital de trabajo y para avanzar en el desarrollo de candidatos a fármacos peptídicos dirigidos a trastornos relacionados con el estrés y el sistema nervioso central. Este avance financiero sigue a la reciente combinación empresarial anunciada por Protagenic con Phytanix Bio Inc. el 19 de mayo de 2025, que ha consolidado seis programas complementarios de desarrollo farmacéutico enfocados en trastornos de estrés, epilepsia, obesidad y otras indicaciones bajo una sola entidad.
Protagenic Therapeutics (NASDAQ: PTIX)는 4일간의 거래 기간 동안 워런트 교환 및 행사로 310만 달러의 자금을 확보했습니다. 회사는 이 자금을 운전자본 필요에 사용하고 스트레스 관련 및 중추신경계 질환을 타겟으로 한 펩타이드 기반 약물 후보 개발을 진전시키는 데 활용할 계획입니다. 이 재정적 발전은 2025년 5월 19일 Protagenic이 Phytanix Bio Inc.와 발표한 사업 결합에 따른 것으로, 스트레스 장애, 간질, 비만 및 기타 적응증에 중점을 둔 6개의 보완적 약물 개발 프로그램이 하나의 법인으로 통합되었습니다.
Protagenic Therapeutics (NASDAQ : PTIX) a obtenu un financement de 3,1 millions de dollars grâce à des échanges et exercices de bons de souscription sur une période de quatre jours de bourse. La société prévoit d'utiliser ces fonds pour ses besoins en fonds de roulement et pour faire avancer le développement de ses candidats-médicaments à base de peptides ciblant les troubles liés au stress et au système nerveux central. Cette avancée financière fait suite à la récente annonce de la fusion d'entreprise entre Protagenic et Phytanix Bio Inc. le 19 mai 2025, qui a regroupé six programmes complémentaires de développement pharmaceutique axés sur les troubles du stress, l'épilepsie, l'obésité et d'autres indications sous une même entité.
Protagenic Therapeutics (NASDAQ: PTIX) hat innerhalb eines vier Handelstage umfassenden Zeitraums 3,1 Millionen US-Dollar an Finanzierung durch Warrant-Umtausch und -Ausübung erhalten. Das Unternehmen plant, diese Mittel für den Betriebskapitalbedarf zu verwenden und die Entwicklung von peptidbasierten Arzneimittelkandidaten voranzutreiben, die auf stressbedingte und zentrale Nervensystem-Erkrankungen abzielen. Diese finanzielle Entwicklung folgt auf die kürzlich bekannt gegebene Unternehmenszusammenführung von Protagenic mit Phytanix Bio Inc. am 19. Mai 2025, durch die sechs sich ergänzende Arzneimittelentwicklungsprogramme zu Stressstörungen, Epilepsie, Fettleibigkeit und weiteren Indikationen unter einem Dach gebündelt wurden.
Positive
Raised $3.1 million in capital through warrant activities
Strategic business combination with Phytanix Bio expanding drug pipeline to six programs
Diversified portfolio spanning multiple therapeutic areas
Negative
Dilution of existing shares through warrant exercises
Additional capital may be needed for multiple drug development programs
NEW YORK, NY / ACCESS Newswire / May 21, 2025 / Protagenic Therapeutics, Inc. (Nasdaq:PTIX) (the "Company") announced today that warrant exchanges and exercises over the last four trading days have generated $3.1 million in cash. The proceeds will fund working-capital needs and advance the Company's peptide-based drug candidates for stress-related and central-nervous-system disorders.
This financing comes as Protagenic executes on its previously announced business combination with Phytanix Bio Inc. (May 19, 2025). The combination has brought together six complementary drug programs spanning stress disorders, epilepsy, obesity, and other indications under one company.
About Protagenic Therapeutics, Inc.
Protagenic Therapeutics (Nasdaq: PTIX) is pioneering peptides for stress-related disorders. For more information, visit www.protagenic.com.
About Phytanix Bio Inc.
Phytanix Bio is an innovative pharmaceutical company specializing in the development of medicines manufactured from cannabinoid and "cannabinoid-like" molecules. For more information, visit www.phytanix.com.
Forward-Looking Statements:
This press release contains forward-looking statements concerning Protagenic Therapeutics' product candidates and clinical trial plans. These statements are subject to various risks and uncertainties. Investors are urged to exercise caution and not place undue reliance on these forward-looking statements.
Company Contact:
Alexander K. Arrow, MD, CFA Chief Financial Officer Protagenic Therapeutics, Inc. 149 Fifth Ave, Suite 500, New York, NY 10010 Tel: 213-260-4342 Email: alex.arrow@protagenic.com
How much funding did PTIX raise through warrant activity in May 2025?
Protagenic Therapeutics (PTIX) raised $3.1 million through warrant exchanges and exercises over four trading days in May 2025.
What will PTIX use the $3.1 million warrant proceeds for?
The proceeds will be used for working capital needs and to advance the company's peptide-based drug candidates for stress-related and central nervous system disorders.
When did PTIX announce its business combination with Phytanix Bio?
Protagenic Therapeutics announced its business combination with Phytanix Bio Inc. on May 19, 2025.
What therapeutic areas are included in PTIX's drug development pipeline after the Phytanix merger?
The combined company's pipeline includes six drug programs targeting stress disorders, epilepsy, obesity, and other indications.
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