Agile Therapeutics, Inc. (NASDAQ:AGRX) (“Agile Therapeutics” or the “Company”), a women’s healthcare company, today announced the pricing of its upsized public offering of an aggregate of 26,666,666 shares of its common stock (or pre-funded warrants in lieu thereof), together with accompanying common stock warrants, at a public offering price of $0.90 per share (or pre-funded warrant) and accompanying warrants. Each share of common stock (or pre-funded warrant) was sold in the offering together with a Series A-1 warrant to purchase one share of common stock at an exercise price of $0.90 per share and a Series A-2 warrant to purchase one share of common stock at an exercise price of $0.90 per share. The Series A-1 warrants are exercisable immediately and will expire five years from the date of issuance, and the Series A-2 warrants are exercisable immediately and will expire thirteen months from the date of issuance. Total gross proceeds from the offering, before deducting the placement agent’s fees and other offering expenses, are expected to be approximately $24.0 million.
Rock Star Travis Barker Joins California Cannabis Market With Customized Products, Here’s Where To Find Them
Travis Barker, the drummer for rock band Blink-182, has launched his own cruelty-free cannabis brand. Barker Canna Co. offers vegan products including prerolls, edibles and vape cartridges. A hardware partnership between the company and cannabis firm TILT Holdings has been announced. Currently, Barker Canna products are available at The Syndicate dispensary in California. Tim Conder, CEO of TILT, stated: "Jupiter's established reputation as an innovative, trusted supplier of inhalation products made this partnership with Barker Canna Co. a natural fit." Other famous musicians and celebrities have launched their own cannabis brands in California, including Carlos Santana, Willie Nelson and Berner.
