Nasus Pharma details IPO over-allotment proceeds
Nasus Pharma Ltd. reports that on September 30, 2025 it closed a partial exercise of the over-allotment option from its recently completed initial public offering.
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Rhea-AI Filing Summary
Nasus Pharma Ltd. reports that on September 30, 2025 it closed a partial exercise of the over-allotment option from its recently completed initial public offering. Underwriters purchased an additional 3,824 ordinary shares at the IPO price of $8.00 per share. The company received net proceeds of approximately $28 thousand from this option exercise, after underwriting discounts. Including this amount, total net proceeds from the IPO are approximately $8.8 million after underwriting discounts and estimated offering expenses. Nasus plans to use these funds primarily to advance development of its intranasal epinephrine program, including manufacturing scale-up and additional Phase 2 studies, with the remainder for general corporate purposes such as working capital and capital expenditures.
FAQ
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What did Nasus Pharma Ltd. (NSRX) announce in this Form 6-K?
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