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flag Dermata Therapeutics raised $4.1 million in a private placement to fund acne product launch and research.

flag Dermata Therapeutics (DRMA) announced a private placement to raise up to $12.4 million, with $4.1 million in upfront proceeds and potential additional funds if warrants are exercised. flag The company sold 2,022,062 shares or pre-funded warrants at $2.04 per share, along with Series C and D warrants, set to close around December 29, 2025. flag Proceeds will fund corporate activities including consumer research, launching an OTC acne kit, and technology investments. flag Insiders are participating on the same terms. flag Existing warrants’ exercise price was reduced from $12.70 to $2.04 per share.

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