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Stock impact report

E.F. Hutton & Co. Serves as Exclusive Placement Agent on Shuttle Pharmaceuticals' $3.5 Million Public Offering [Yahoo! Finance]

Shuttle Pharmaceuticals Holdings, Inc. (SHPH) 
Company Research Source: Yahoo! Finance
Hutton”) , a leading investment banking and financial advisory firm, today announced that it acted as the exclusive placement agent in connection with a $3.5 million public offering by Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ: SHPH) (“Shuttle Pharmaceuticals” or the “Company”), the owner of Molecule.ai, an artificial intelligence (“AI”) driven platform for molecular discovery and early-stage drug development. Shuttle Pharmaceuticals entered into a securities purchase agreement with investors for the issuance and sale of 2,238,800 shares of common stock and pre-funded warrants to purchase 4,761,200 shares of common stock in a public offering. The offering resulted in aggregate gross proceeds of approximately $3.5 million, before deducting placement agent fees and other offering expenses. The offering closed on March 10, 2026. Shuttle Pharmaceuticals intends to use up to $1.5 million of the net proceeds from the offering for future marketing efforts and the remainder for worki Show less Read more
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