CohBar, Inc. Announces Expiration of Warrants and Reports Aggregate Proceeds from Warrant Exercises
January 11 2017 - 9:44AM
Business Wire
CohBar, Inc. (OTCQX: CWBR and TSXV: COB.U), a preclinical stage
biotechnology company focused on developing mitochondria based
therapeutics (MBTs) to treat age-related diseases, announced today
that a total of approximately 2.7 million of the outstanding
warrants to purchase CohBar’s common stock were exercised
prior to their expiration at 5:00 p.m. EST on January 6, 2017. As a
result of the warrant exercises, the Company received total gross
proceeds of approximately $5.3 million and issued a total of
2,672,478 common shares.
CohBar issued a total of approximately 7.4 million common stock
purchase warrants, with an exercise price of $2.00 per share, in
conjunction with its initial public offering (IPO) on the TSX
Venture Exchange and concurrent private placement completed in
January 2015. As of January 11, 2017, there are 35,734,469 common
shares issued and outstanding.
About CohBarCohBar (OTCQX: CWBR and TSXV: COB.U) is a
preclinical stage biotechnology company focused on the research and
development of mitochondria based therapeutics (MBTs), an emerging
class of drugs for the treatment of age-related diseases. MBTs
originate from the discovery of a novel group of peptides within
the mitochondrial genome, which regulate metabolism and cell death
and whose biological activity declines with age. CohBar’s efforts
focus on the development of mitochondrial-derived peptides (MDPs)
into clinically relevant MBTs that offer the potential to address a
broad range of age-related diseases, including obesity, fatty liver
disease, Type-2 diabetes, cancer, cardiovascular and
neurodegenerative disorders.
For additional company information, please
visit www.cohbar.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170111005700/en/
Investor and Media Contact:CohBar, Inc.Anna Schram,
650-446-7888 Ext. 114anna.schram@cohbar.com
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