05:51 PM EDT, 10/10/2024 (MT Newswires) -- Bio-Path Holdings ( BPTH ) said Thursday it closed a private placement of about 4.6 million shares, series A warrants, and short-term series B warrants at a purchase price of $0.87 per share of common stock.

The gross proceeds to the company were about $4 million, it said late Thursday.

Series A and short-term series B warrants are for purchasing up to about 6.41 million shares of common stock. Both warrants have an exercise price of $1 per share.

The company intends to use the net proceeds for working capital and general corporate purposes.

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