BRIEF-Adial Pharmaceuticals Announces Acquisition Of Azora Therapeutics And Up To $64 Million Financing

Adial

Adial

ADIL

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June 11 (Reuters) - Adial Pharmaceuticals Inc ADIL.O:

  • ADIAL PHARMACEUTICALS ANNOUNCES ACQUISITION OF AZORA THERAPEUTICS AND UP TO $64 MILLION FINANCING

  • ADIAL PHARMACEUTICALS - RECEIVES $32 MILLION UPFRONT FINANCING FOR PRE-FUNDED WARRANTS AT $2.75 EACH

  • ADIAL PHARMACEUTICALS - ENTERS AGREEMENT FOR UP TO $64 MILLION PRIVATE PLACEMENT

  • ADIAL PHARMACEUTICALS - POST-DEAL: ADIAL HOLDERS 7.7%, AZORA HOLDERS 51%, INVESTORS 41.3% OF COMMON STOCK

Source text: ID:nGNX2Gr8KF

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