Palomino Laboratories raises $15.1 million in private placement at $4 a share

PALOMINO LABS INC

PALOMINO LABS INC

PALX

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  • Palomino Laboratories entered subscription agreements April 20, 2026 for a private placement of common stock.
  • Initial closing sold 3,773,853 shares for USD 15.1 million at USD 4 per share.
  • Offering allows additional closings through April 30, 2026 at discretion of company and Laidlaw & Company (UK) for up to USD 30 million.
  • Placement agent fee set at 10% of gross proceeds from investors it introduces.
  • Placement agent to receive warrants at final closing equal to 10% of shares sold to its investors, exercisable for five years at 120% of lowest offering price.


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