10:21 AM EDT, 09/12/2025 (MT Newswires) -- Cocrystal Pharma ( COCP ) said Friday it has agreed to sell nearly 2.8 million shares at $1.70 per share in a registered direct offering to raise about $4.7 million.

Cocrystal said it will also issue warrants to buy up to about 5.5 million shares at an exercise price of $1.50 per share.

Proceeds will be used for working capital and general corporate purposes, the clinical-stage biotechnology company.

The offering is expected to close Sept. 15, with H.C. Wainwright as the placement agent, it added.

The shares were up over 13% in recent trading.

Price: 1.63, Change: +0.19, Percent Change: +13.19