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NewcelX Ltd. announced a $1.35 million private placement financing priced at a 30% premium to market, involving the sale of common shares and warrants to support its Type 1 Diabetes program.
Key Takeaways
1The company entered into securities purchase agreements for a private placement with an aggregate value of $1.35 million.
2Common shares are priced at $2.75 each, representing a 30% premium to the closing price on March 31, 2026.
3The offering includes 490,907 common shares and warrants to purchase 687,270 common shares at an exercise price of $3.025.
4Net proceeds will be used to advance the NCEL-101 program for Type 1 Diabetes and for general corporate purposes.
5The transaction is expected to close on or about April 15, 2026, subject to customary closing conditions.