PDS BIOTECHNOLOGY CORP.

PDS Biotechnology has completed a first tranche of a private placement with gross proceeds of about $11.3 million, led by Nant Capital. The company issued common stock, prepaid warrants and accompanying warrants at prices around $0.282 and intends to use the net proceeds to repay liabilities and as working capital for clinical development. The transaction includes a contingent milestone closing under which Nant and AB Group would invest an additional $10 million and $1 million, respectively, upon filing an FDA protocol for a Phase 3 trial of PDS0301. PDS granted NantWorks a one-year right to negotiate an exclusive license to PDS0101, and Dr. Patrick Soon-Shiong and James Banaag will join the board of directors. » Mere på de.investing.com

PDS Biotechnology has secured up to 22.55 million USD in a private placement led by Nant Capital. The initial closing is expected to raise about 11.55 million USD through the sale of common shares or prepaid warrants at 0.2825 USD per unit; a further milestone-dependent closing of 11 million USD will be triggered upon filing an FDA protocol for a Phase 3 study of PDS0301. Nant Capital will have the right to appoint two board members, including Dr. Patrick Soon-Shiong, if it reaches an economic stake of at least 15%. The proceeds will be used to repay indebtedness, for working capital, to further develop clinical programs, and for research and administration; NantWorks also received a one-year exclusive negotiation right for a license to PDS0101. » Mere på de.investing.com

Lars Boesgaard submitted his resignation as CFO effective September 12, 2026; his departure is not related to any disagreements over the company’s business operations. The board appointed Janetta Trochimiuk as acting head of accounting and CEO Dr. Frank Bedu-Addo as acting chief financial officer, both positions effective September 12, 2026. Trochimiuk will retain her current base salary and remain eligible under the existing equity incentive plan; no new equity awards were granted. At the annual general meeting, shareholders approved increasing the number of authorized common shares from 150 million to 300 million. » Mere på de.investing.com