Belite Bio completes $25M registered direct offering for 651,380 ADS at $38.38 each with 5-year warrants.

Belite Bio, a clinical-stage biopharmaceutical company targeting degenerative retinal diseases, announced a $25M registered direct offering. The company will issue up to 651,380 American Depositary Shares at $38.38 each, with warrants for 651,380 more shares at $44.14, exercisable immediately and expiring in 5 years. The offering is expected to close on April 30, 2024, pending customary conditions.

April 26, 2024
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