10:01 AM EDT, 09/04/2025 (MT Newswires) -- Aethlon Medical ( AEMD ) said Thursday it priced a public offering of 5 million shares and warrants at $0.90 each for gross proceeds of about $4.5 million.

The company said the warrants carry the same $0.90 exercise price, are immediately exercisable, and will expire five years from issuance.

Aethlon said the offering is expected to close around Friday, and it plans to use the net proceeds for general corporate purposes, including clinical trial and research costs, capital spending, and working capital.

Shares of Aethlon were falling more than 44% in recent trading Thursday.

Price: 0.74, Change: -0.61, Percent Change: -44.89