{"id":20619,"date":"2023-06-09T17:04:22","date_gmt":"2023-06-09T21:04:22","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/60-degrees-pharmaceuticals-sees-ipo-pricing-at-5-30-per-unit\/"},"modified":"2023-06-09T17:04:23","modified_gmt":"2023-06-09T21:04:23","slug":"60-degrees-pharmaceuticals-sees-ipo-pricing-at-5-30-per-unit","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=20619","title":{"rendered":"60 Degrees Pharmaceuticals Sees IPO Pricing at $5.30 per Unit"},"content":{"rendered":"
\n

By Stephen Nakrosis<\/p>\n

<\/pre>\n
60 Degrees Pharmaceuticals on Thursday said it was expecting its previously announced initial public offering would price at $5.30 per unit.<\/p>\n
The IPO will consist of 1,415,095 units, consisting on one share of common stock, along with one warrant to purchase a share of common stock and one non-tradeable warrant.<\/p>\n
\n
60 Degrees said it is working to develop and commercialize new therapies to prevent and treat infectious diseases. Its pipeline currently includes development programs for Covid-19, as well as for fungal, tick-borne and other viral diseases.<\/p>\n
The company said it achieved regulatory approval of Arakoda, “a malaria preventative treatment that has been on the market since late 2019.”<\/p>\n
The company said it had product revenues of $17,172 for the three months ended March 31, 2023, and $47,024 for the three months ended March 31, 2022.<\/p>\n
Kentucky Technology, Florida State University Research Foundation, Douglas Loock, Trevally, LLC and Knight Therapeutics International S.A. are listed among the company’s principal stockholders.<\/p>\n
The company applied to list its common stock and tradeable warrants on the Nasdaq Capital Market.<\/p>\n
WallachBeth Capital LLC is listed as the offering’s sole book-running manager.<\/p>\n
<\/pre>\n
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Stephen Nakrosis 60 Degrees Pharmaceuticals on Thursday said it was expecting its previously announced initial public offering would price at $5.30 per unit. The IPO will consist of 1,415,095 units, consisting on one share of common stock, along with one warrant to purchase a share of common stock and one non-tradeable warrant. 60 Degrees […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-20619","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\n60 Degrees Pharmaceuticals Sees IPO Pricing at $5.30 per Unit | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Stephen Nakrosis 60 Degrees Pharmaceuticals on Thursday said it was expecting its previously announced initial public offering would price at $5.30 per\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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