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  • Ortho Regenerative Technologies (ORTH) has announced a non-brokered private placement of units for maximum gross proceeds of $3.0 million
  • Each unit will be priced at $0.30 and consist of one common share and one share purchase warrant
  • Net proceeds will be used for the ORTHO-R Phase I/II US Clinical trial, and general corporate purposes
  • The offering is expected to close on or about February 28, 2022
  • Ortho is a clinical-stage orthobiologics company dedicated to the development of novel therapeutic soft tissue repair technologies
  • Ortho Regenerative Technologies Inc. (ORTH) is unchanged, trading at C$0.27 per share at 1:30 pm EST.

Ortho Regenerative Technologies (ORTH) has announced a non-brokered private placement of units for maximum gross proceeds of $3.0 million.

Each unit will be priced at $0.30 and consist of one common share and one share purchase warrant. Each warrant is exercisable into one additional share at the price of $0.50 for a period of 48 months from closing.

Warrants are subject to an acceleration clause.

Net proceeds will be used for the ORTHO-R Phase I/II US Clinical trial, and general corporate purposes.

Shares and warrants will be subject to a statutory 4-month hold period.

The offering is expected to close on or about February 28, 2022, and is subject to the approval of the CSE.

Ortho is a clinical-stage orthobiologics company dedicated to the development of novel therapeutic soft tissue repair technologies.

Ortho Regenerative Technologies Inc. (ORTH) is unchanged, trading at C$0.27 per share at 1:30 pm EST.

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