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Dermata Therapeutics raised $4.1 million in a private placement to fund acne product launch and research.
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.
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.
Proceeds will fund corporate activities including consumer research, launching an OTC acne kit, and technology investments.
Insiders are participating on the same terms.
Existing warrants’ exercise price was reduced from $12.70 to $2.04 per share.
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Dermata Therapeutics recaudó $4.1 millones en una colocación privada para financiar el lanzamiento de productos de acné y la investigación.