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[6-K] Clearmind Medicine Inc. Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Clearmind Medicine entered a definitive securities purchase agreement for a registered direct offering of 958,222 common shares and pre-funded warrants to purchase up to 2,984,146 common shares, priced at $0.20 per share and $0.1999 per pre-funded warrant.

The pre-funded warrants are immediately exercisable at an exercise price of $0.0001 per share and may be exercised on a cashless basis, subject to a 4.99% beneficial ownership cap. Closing is expected on or about November 14, 2025, subject to customary conditions. The transaction is expected to generate approximately $0.788 million in aggregate gross proceeds. The company plans to use net proceeds, together with existing cash, for general corporate purposes, including operating expenses, R&D, working capital, potential acquisitions, and capital expenditures.

Positive
  • None.
Negative
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Insights

Small registered direct raises cash with immediate-exercise pre-funded warrants.

Clearmind Medicine structured a registered direct offering comprising common shares and pre-funded warrants, with pricing at $0.20 per share and $0.1999 per warrant. The warrants are immediately exercisable at a nominal $0.0001 per share, allowing rapid share issuance when exercised.

Proceeds of approximately $0.788 million provide incremental liquidity for operating and R&D needs. A 4.99% beneficial ownership cap limits any single holder’s post-exercise stake, pacing conversions and potential issuance.

Closing is expected on or about November 14, 2025, contingent on customary conditions. Actual dilution and cash inflow from warrant exercises depend on holder decisions and the optional cashless feature.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the month of: November 2025

 

Commission file number: 001-41557

 

CLEARMIND MEDICINE INC.

(Translation of registrant’s name into English)

 

101 – 1220 West 6th Avenue

Vancouver, British Columbia

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒    Form 40-F ☐

 

 

 

 

 

 

CONTENTS

 

On November 13, 2025, Clearmind Medicine (the “Company”), entered into a definitive securities purchase agreement (the “Securities Purchase Agreement”) with investors for the purchase and sale of (i) 958,222 of the Company’s common shares, no par value (the “Common Shares”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 2,984,146 Common Shares, in a registered direct offering (the “Offering”) at a purchase price of $0.20 per Common Share and $0.1999 per Pre-Funded Warrant.

 

The Pre-Funded Warrants will be immediately exercisable at an exercise price of $0.0001 per Common Share, subject to adjustment as set forth therein, and will not expire until exercised in full. The Pre-Funded Warrants may be exercised on a cashless basis.

 

A holder of the Pre-Funded Warrants will not have the right to exercise any portion of its Pre-Funded Warrants if the holder (together with such holder’s affiliates, and any persons acting as a group together with such holder or any of such holder’s affiliates or any other persons whose beneficial ownership of Common Shares would be aggregated with the holder’s or any of the holder’s affiliates), would beneficially own Common Shares in excess of 4.99% of the number of the Common Shares outstanding immediately after giving effect to such exercise.

 

The Offering is expected to close on or about November 14, 2025, subject to the satisfaction of customary closing conditions. The aggregate gross proceeds to the Company are expected to be approximately $0.788 million. The Company expects to use the net proceeds from the Offering, together with its existing cash, for general corporate purposes, which may include operating expenses, research and development, including clinical and pre-clinical testing of our product candidates, working capital, future acquisitions and general capital expenditures.

 

The Securities Purchase Agreement also contain representations, warranties, indemnification and other provisions customary for transactions of this nature.

 

The securities described above and to be issued in the Offering are being issued pursuant to a prospectus supplement dated as of November 13, 2025, which will be filed with the Securities and Exchange Commission, in connection with a takedown from the Company’s shelf registration statement on Form F-3 (File No. 333-275991) (the “Registration Statement”), which became effective on December 26, 2023, and the base prospectus dated as of December 26, 2023 contained in such Registration Statement. This Report on Form 6-K (this “Report”) shall not constitute an offer to sell or the solicitation to buy, nor shall there be any sale of, any of the securities described herein in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

Copies of the Securities Purchase Agreement and the Pre-Funded Warrant are filed as Exhibits 10.1 and 10.2, respectively, to this Report and are incorporated by reference herein. The foregoing summaries of such documents are subject to, and qualified in their entirety by reference to, such exhibits.

 

Copies of the opinions of Daniel N. Bloch and Greenberg Traurig, P.A. relating to the securities issued in the Offering are attached as Exhibits 5.1 and 5.2, respectively.

  

This Report, excluding Exhibit 99.1, is incorporated by reference into the Company’s Registration Statements on Form F-3 (File Nos. 333-275991333-270859333-273293) and Form S-8 (File No. 333-283695), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

Forward Looking Statements

 

This Report of on Form 6-K contains statements which constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward looking statements are based upon the Company’s present intent, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur for various reasons, including some reasons which are beyond the Company’s control. For example, this Report states that the Offering is expected to close on or about November 14, 2025. In fact, the closing of the Offering is subject to various conditions and contingencies as are customary in securities purchase agreements in the United States. If these conditions are not satisfied or the specified contingencies do not occur, this Offering may not close. For this reason, among others, you should not place undue reliance upon the Company’s forward looking statements. Except as required by law, the Company undertakes no obligation to revise or update any forward looking statements in order to reflect any event or circumstance that may arise after the date of this Report on Form 6-K.

 

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EXHIBIT INDEX

 

Exhibit No.    
5.1   Opinion of Daniel N. Bloch, Canadian counsel to the Company
5.2   Opinion of Greenberg Traurig, P.A., U.S. counsel to the Company
10.1   Form of Securities Purchase Agreement
10.2   Form of Pre-Funded Warrant
23.1   Consent of Daniel N. Bloch (included in Exhibit 5.1)
23.2   Consent of Greenberg Traurig, P.A. (included in Exhibit 5.2)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Clearmind Medicine, Inc.
  (Registrant)
     
Date: November 13, 2025 By: /s/ Adi Zuloff-Shani
  Name: Adi Zuloff-Shani
  Title: Chief Executive Officer

 

3

 

FAQ

What did CMND announce in its Form 6-K?

CMND entered a securities purchase agreement for a registered direct offering of 958,222 common shares and pre-funded warrants to purchase up to 2,984,146 common shares.

What is the pricing for CMND's offering?

The purchase price is $0.20 per common share and $0.1999 per pre-funded warrant; the pre-funded warrants have an exercise price of $0.0001 per share.

How much does CMND expect to raise from this offering?

Aggregate gross proceeds are expected to be approximately $0.788 million.

When is the offering expected to close for CMND (Clearmind Medicine)?

Closing is expected on or about November 14, 2025, subject to customary conditions.

What are the pre-funded warrant terms for CMND?

They are immediately exercisable, may be exercised on a cashless basis, and include a 4.99% beneficial ownership cap.

How will CMND use the net proceeds?

CMND plans to use net proceeds, with existing cash, for general corporate purposes, including operating expenses, R&D, working capital, potential acquisitions, and capital expenditures.

Under what registration is CMND issuing the securities?

The securities are issued via a prospectus supplement under CMND’s shelf registration statement on Form F-3 (File No. 333-275991).
Clearmind Medici

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Biotechnology
Healthcare
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Canada
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