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AIM ImmunoTech Secures $400,000 Through Exchange Agreements

PUBLIC · AIMSep 08, 20267 days ago

Amount Raised

$400,000

Round Type

Debt Financing

OcalaBiotechnologyHealthcareHealth CareTherapeuticsPharmaceutical

Investors

Streeterville Capital, Llc

Description

AIM ImmunoTech Inc. has entered into two exchange agreements with Streeterville Capital, LLC, converting approximately $400,000 of a promissory note into shares of common stock. This conversion results in the issuance of 1,749,434 shares at an average price of $0.228 per share. The stockholder's approval was obtained for this transaction

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.

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