XORTX Therapeutics Raises $1.1 Million in Registered Direct Offering
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XORTX Therapeutics Inc. has successfully closed a registered direct offering, raising approximately $1.1 million. The company sold 1,750,000 common shares and pre-funded warrants at $0.63 per share to an institutional investor. The offering included 572,470 common shares and 1,117,530 pre-funded warrants, with each warrant allowing the purchase of a common share at $0.001. D. Boral Capital LLC acted as the placement agent and will receive agent warrants. Proceeds will be used for working capital and general corporate purposes.
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