Solana Treasury Company Artelo Biosciences to raise $11 million through a private placement

DeepFlowTech · 2026-03-28T02:22:10+00:00

Artelo Biosciences announced the sale of 3,188,407 common shares at $3.45 per share, raising $11 million, and plans to issue up to 6,376,814 warrants at $3.20 per share, with total proceeds potentially reaching $20.4 million. The transaction is expected to close on March 30.

DeepFlowTech

2026-03-28 02:22:10

Abstract generation in progress

Deep Tide TechFlow news: March 28, according to Globenewswire, Solana treasury company Artelo Biosciences, which is listed on the Nasdaq, announced it will sell a total of 3,188,407 shares of common stock through a private placement at a price of $3.45 per share, raising a total of $11 million. In addition, the company also disclosed that it will sell warrants to purchase up to 6,376,814 shares of common stock at a price of $3.20 per share; if all warrants are exercised for cash, the final total amount of funds raised would be approximately $20.4 million. The transaction is expected to be completed around March 30, according to the latest data from StrategicSolanaReserve, Artelo currently holds 45,883 SOL.

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