03:52 PM EDT, 07/15/2025 (MT Newswires) -- BriaCell Therapeutics ( BCTX ) shares were last seen down 61% after the company on Tuesday said it will raise up to $15 million in a best-efforts public offering of share units.

The company said it will place 12-million units priced at $1.25 each and made up of a shares and a five-year warrant to buy a second share for $1.50.

BriaCell intends to use the proceeds for working capital requirements, general corporate purposes, and the advancement of business objectives.

The company's shares were last seen down $1.68 to $1.09 on the Toronto Stock Exchange.

Price: 1.07, Change: -1.70, Percent Change: -61.37