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AIM ImmunoTech Announces $1.26 Million Registered Direct Offering

Sep 30, 2024•over 1 year ago

Contract Type

partnership

OcalaBiotechnologyHealthcareHealth CareTherapeuticsPharmaceutical

Description

AIM ImmunoTech Inc. has entered into a securities purchase agreement with a single institutional investor to purchase 4,653,036 shares of common stock in a registered direct offering at a purchase price of $0.27 per share. The gross proceeds to the Company from the offering are estimated to be approximately $1.26 million.

Company Information

Company

AIM ImmunoTech

Location

Ocala, Florida, United States

About

AIM ImmunoTech Inc. is an immuno-pharma company focused on the research and development of therapeutics to treat multiple types of cancers, immune disorders and viral diseases, including COVID-19. The Company’s lead product is a first-in-class investigational drug called Ampligen® (rintatolimod), a dsRNA and highly selective TLR3 agonist immuno-modulator with broad spectrum activity in clinical trials for globally important cancers, viral diseases and disorders of the immune system.

Predictive Intelligence
Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months