AZTR · Azitra, Inc.

Summary

Azitra, Inc. entered a Securities Purchase Agreement on March 18, 2026, issuing 10,485 shares of Series A convertible non-redeemable preferred stock at $1,000 each, plus Series B and C warrants to purchase up to 85,233,126 shares of common stock each at $0.123 exercise price, in a PIPE Financing closing March 20, 2026, for initial $10.5 million proceeds, potentially $31.4 million total. Funds support R&D, corporate expenses, and working capital.

Key takeaways

• Securities Purchase Agreement dated 2026-03-18 with Purchasers including CEO, consultant, and >5% common stockholder
• Issued 10,485 Series A Preferred shares with accompanying Series B/C Warrants for 85,233,126 common shares each
• PIPE closed 2026-03-20; initial gross proceeds $10.5M, up to $31.4M assuming full warrant exercise
• Filed Certificate of Designations 2026-03-19 designating 12,000 Series A Preferred shares
• Registration Rights Agreement dated 2026-03-20 requires resale registration within 45 days of closing
• Offering exempt under Section 4(a)(2)/Rule 506(b); Purchasers are accredited investors