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Stock impact report

XORTX Files an Amended and Restated Prospectus Supplement for the Offering of Units [Financial Post (Toronto, Ontario, Canada)]

XORTX Therapeutics Inc. (XRTX) 
Company Research Source: Financial Post
CALGARY, Alberta, Feb. 01, 2024 (GLOBE NEWSWIRE) — XORTX Therapeutics Inc. (“ XORTX ” or the “ Company ”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU), a late stage clinical pharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, announces that it has filed an amended and restated prospectus supplement for its previously announced offering of for aggregate gross proceeds of up to $2 million. Under the amended and restated prospectus supplement, the size of the offering is increased by $2 million to up to $4 million. Article content Article content The amended and restated prospectus supplement is on a non-brokered offering of up to 1,333,334 common share units (“ Common Share Units ”) at $3.00 per Common Share Unit, with each Common Share Unit consisting of one common share, no par value, and one warrant (“ Warrant ”) to purchase one common share at $4.50 per common share for a period of two years for aggregate gross proceeds of up Show less Read more
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