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XORTX (TSXV:XRTX) closes US$5M public offering

Health Care
TSXV:XRTX
11 October 2022 08:30 (EDT)

Source: XORTX Therapeutics Inc.

XORTX Therapeutics (XRTX) has closed its previously-announced public offering for gross proceeds of up to $5,000,000.

The offering consists of common share units and pre-funded warrant units  Each common share unit consists of one common share and one warrant.

Each warrant is exercisable to purchase one common share at a public offering price of US$1.00. Each pre-funded warrant unit consists of one pre-funded warrant to purchase one common share and one warrant to purchase one common share.

Each pre-funded warrant is exercisable to purchase one common share and one warrant. Each warrant is exercisable to purchase one common share at a public offering price of US$0.9999.

XORTX is a pharmaceutical company with two clinically advanced products in development.

XORTX Therapeutics Inc. (XRTX) opened trading at C$1.40.


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