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Ensysce Biosciences Announces Completion Of $8 Million Convertible Note Financing

Ensysce Biosciences Announces Completion Of $8 Million Convertible Note Financing

08/09/22, 8:21 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgla jolla
Money raised
$8 million
Industry
biotechnology
SAN DIEGO, CA / August 9, 2022 / Ensysce Biosciences, Inc. ("Ensysce" or the "Company") (NASDAQ:ENSC, OTC PINK:ENSCW), a clinical-stage biotech company applying transformative chemistry to improve prescription drug safety to reduce abuse and overdose, announced today that it has completed its previously announced private placement under a securities purchase agreement with institutional investors ("Investors") for senior secured convertible notes (the "Notes") and warrants exercisable for Ensysce common stock (the "Warrants") for an aggregate investment of $8 million. The final funding by the Investors of $4 million, prior to fees and offering expenses, was dated as of August 8, 2022, with funds received in full on August 9, 2022.

Company Info

Company
Ensysce Biosciences
Location
7946 ivanhoe ave,
la jolla, california, united states
Additional Info
Ensysce Biosciences, Inc. (NASDAQ: ENSC) is a clinical-stage biotech company developing a new class of prescription drugs that will provide patients and prescribers safer options for the use of potent prescription drugs, reducing abuse and preventing overdoses.

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