
Akari Therapeutics Announces $5M Financing Agreement

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Akari Therapeutics announced a $5 million financing agreement through a registered direct offering and private placements of ADSs and warrants. The funds will support R&D, working capital, and corporate activities, while reducing liabilities via a $2.50 million debt exchange into warrants. Ladenburg Thalmann & Co. Inc. acted as the exclusive placement agent. The recent analyst rating for AKTX stock is a Buy with a $7.00 price target, though Spark rates it as Neutral due to financial instability and lack of revenue.
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