Azitra Raises $1.5M in Private Placement with Institutional Investor.

Azitra has entered into a securities purchase agreement with a single institutional investor to purchase 4,687,500 shares of common stock and warrants to purchase up to an aggregate 4,687,500 shares of common stock. The combined effective offering price for each share of common stock and accompanying warrant is $0.32, with gross proceeds estimated to be approximately $1.5 million. The warrants will have an exercise price of $0.32 per share and expire five years after shareholder approval.