TORONTO and HAIFA, Israel, April 04, 2025 (GLOBE NEWSWIRE) — NurExone Biologic Inc. (TSXV: NRX, OTCQB: NRXBF, Germany: J90) (“NurExone” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange (“TSXV”) approval, it has closed a non-brokered private placement of 3,543,238 units (“Units”) at a price of C$0.65 per Unit for aggregate gross proceeds of C$2,303,105 (the “Offering”). The Company intends to use the proceeds of the Offering for working capital, ExoTop’s establishment of a U.S. production facility and an uplisting to a major U.S. exchange, subject to requisite regulatory approval.
CEO Dr. Lior Shaltiel commented, “We sincerely appreciate the strong support from our investors. Our preclinical results and growing analyst recognition underscore the strength of our science and the credibility of our strategy and team. Our momentum is translating into tangible investor confidence, enabling us to secure funding and accelerate our progress towards clinical and commercial breakthroughs in regenerative medicine.”