BetterLife Pharma

BetterLife Pharma has filed a final short-form prospectus for a public offering of up to USD 100 million (CAD 138.75 million) and is offering up to 555 million common shares and pre-funded warrants at CAD 0.25 and CAD 0.24999 each. The minimum deal size is USD 80 million; the placement will be conducted by Bloom Burton Securities and Haywood Securities on a “commercially reasonable efforts” basis, and the agents will receive a 7% cash fee plus broker warrants. Proceeds are intended primarily to fund clinical phase 1A/1B and phase 2 studies and a pivotal study for cluster headache, as well as working capital and general corporate purposes. Closing is expected around September 17, 2026; the agents have a 30-day over-allotment option of up to 15%, and the CSE granted an exemption from the otherwise required shareholder approval. » Más en de.investing.com

BetterLife Pharma has appointed Dr. Charles Duncan as a member of the board of directors and as chair of the audit committee. Duncan brings nearly 30 years of experience in the biopharma industry, including roles at Cantor Fitzgerald, Piper Jaffray and JMP Securities, and currently works with the Gilmartin Group and serves on the board of Vanda Pharmaceuticals. The company is granting him a total of 625,000 stock options in two tranches with a ten‑year term and staggered vesting; exercise prices will follow the rules of the Canadian Securities Exchange. BetterLife is developing BETR-001, a non‑hallucinogenic LSD derivative for the treatment of migraine and headache disorders, which is in preclinical and IND‑preparation studies. » Más en de.investing.com