Revive Therapeutics Announces Extension of Proposed Private Placement

Rhea-AI Summary

Revive Therapeutics (OTCQB: RVVTF) has announced an extension of its private placement offering. The company aims to raise up to $650,000 through the issuance of up to 30,952,381 units at $0.021 per unit. Each unit includes one common share and one warrant exercisable at $0.05 for 36 months.

The company has already completed a first tranche in August 2025, raising $60,900 through 2,900,000 units, leaving $589,000 worth of units available. The proceeds will be used for working capital and trade payables settlement. The securities will have a four-month and one-day hold period from issuance.

Positive

• First tranche already completed, raising $60,900
• Warrants provide potential additional funding at $0.05 per share
• Flexible closing structure allows for multiple tranches

Negative

• Significant dilution potential with up to 30.95M new shares
• Low unit price of $0.021 indicates potential financial stress
• Additional dilution possible through warrant exercise

TORONTO, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Revive Therapeutics Ltd. (“Revive” or the “Company”) (OTCQB: RVVTF) (CSE: RVV) (FRANKFURT: 31R), a specialty life sciences company dedicated to developing innovative therapeutics for critical medical needs, announces that it is extending is previously announced private placement offering of up to 30,952,381 units, at a price of $0.021 per unit, for gross proceeds to Revive of up to $650,000. Revive closed a first tranche of the private placement in early August 2025 (see press release of August 11, 2025) by issuing 2,900,000 units of the Company, at a price of $0.021 per unit, for total gross proceeds to Revive of $60,900. Accordingly, the Company may close an additional $589,000 worth of units pursuant to the private placement.

Each unit will consist of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of $0.05 for a period of 36 months following the closing. The issue price per unit is based upon the 20-day VWAP of the shares traded on the CSE at the time that the Company obtained price protection.

The gross proceeds from the private placement offering will be used for working capital and payment of certain trade payables. The proposed private placement may close in several tranches.

Closing of the private placement is subject to customary closing conditions and the Company intends to close as soon as practicable. All of the securities will be subject to a hold period of four months and one day from the date of issuance.

About Revive Therapeutics Ltd.

Revive Therapeutics is a specialty life sciences company dedicated to developing innovative therapeutics for critical medical needs. Revive strategically prioritizes its drug development pipeline to leverage FDA regulatory incentives like Emergency Use Authorization, Orphan Drug, Fast Track, and Breakthrough Therapy designations, positioning for rapid advancement and market entry. Currently, our efforts are concentrated on unlocking the vast potential of Bucillamine for infectious diseases and medical countermeasures, including the pioneering treatment of nerve agent exposure. Furthermore, Revive is vigorously advancing our Psilocybin and molecular hydrogen therapeutic programs, exploring new frontiers in medical science. For more information, visit www.ReviveThera.com.

For more information, please contact:

Michael Frank
Chief Executive Officer
Revive Therapeutics Ltd.
Tel: 1 888 901 0036
Email: mfrank@revivethera.com
Website: www.revivethera.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. These statements relate to future events or future performance. The use of any of the words “may”, “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Revive’s current belief or assumptions as to the outcome and timing of such future events. Forward looking information in this press release includes information with respect to the Company’s cannabinoids, psychedelics and infectious diseases programs. Forward-looking information is based on reasonable assumptions that have been made by Revive at the date of the information and is subject to known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking information. Given these risks, uncertainties and assumptions, you should not unduly rely on these forward-looking statements. The forward-looking information contained in this press release is made as of the date hereof, and Revive is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. Reference is made to the risk factors disclosed under the heading “Risk Factors” in the Company's management's discussion and analysis for the three and nine months ended March 31, 2025 ("MD&A"), dated May 29, 2025, which is available on the Company's profile at www.sedarplus.ca.

FAQ

How much is Revive Therapeutics (RVVTF) looking to raise in their private placement?

Revive Therapeutics is looking to raise up to $650,000 through the issuance of units at $0.021 each, with $589,000 remaining after the first tranche.

What are the terms of RVVTF's private placement units?

Each unit is priced at $0.021 and consists of one common share and one warrant exercisable at $0.05 for 36 months following closing.

How much has Revive Therapeutics already raised in the first tranche?

Revive completed the first tranche in August 2025, raising $60,900 through the issuance of 2,900,000 units.

What will RVVTF use the private placement proceeds for?

The proceeds will be used for working capital and payment of certain trade payables.

How long is the hold period for the securities issued in RVVTF's private placement?

All securities issued will be subject to a hold period of four months and one day from the date of issuance.