Dermata Therapeutics Announces $3.4 Million Private Placement Priced At-The-Market Under Nasdaq Rules

About this update from Dermata Therapeutics, Inc.

$3.4 million upfront with up to approximately $6.7 million of potential additional gross proceeds upon the exercise in full of warrantsSAN DIEGO, CA / ACCESS Newswire / August 17, 2026 / Dermata Therapeutics, Inc. (NASDAQ:DRMA) ("Dermata," or the "Company"), a science-driven leader in dermatologic solutions, today announced that it has entered into definitive agreements for the issuance and sale of an aggregate of 2,293,608 shares of common stock (or pre-funded warrants in lieu thereof), series E warrants to purchase up to 2,293,608 shares of common stock and short-term series F warrants to purchase up to 2,293,608 shares of common stock at a purchase price of $1.46 per share of common stock (or per pre-funded warrant in lieu thereof) and accompanying warrants in a private placement priced at-the-market under the rules of the Nasdaq Stock Market. The series E warrants and the series F warrants will have an exercise price of $1.46 per share and will be exercisable beginning on the effective date of stockholder approval of the issuance of the shares issuable upon exercise of the warrants. The series E warrants will expire five years from the effective date of stockholder approval and the series F warrants will expire twenty-four months from the effective date of stockholder approval. The closing of the offering is expected to occur on or about August 18, 2026, subject to the satisfaction of customary closing conditions.Company insiders, including the Company's Chief Executive Officer, Chief Financial Officer and a certain member of the Company's management team, are participating in the offering. The purchase price per share of common stock (or per pre-funded warrant in lieu thereof) and accompanying warrants for these Company insiders is $1.47, in accordance with Nasdaq rules. The exercise price of the warrants purchased by the Company's insiders is $1.47.The gross proceeds from the offering are expected to be approximately $3.4 million, prior to deducting offering expenses payable by the Company. The potential additional gross proceeds to the Company from the series E warrants and the short-term series F warrants, if fully exercised on a cash basis, will be approximately $6.7 million. No assurance can be given that any of the series warrants will be exercised, or that the Company will receive cash proceeds from the exercise of the series warrants. The Com...

View stock analysis, news, and events for Dermata Therapeutics, Inc.