Acer Therapeutics Announces $1.5M Private Placement
The investors are Chris Schelling, CEO and Founder of Acer, and Steve Aselage, Chairman of Acers Board of Directors.
- The investors are Chris Schelling, CEO and Founder of Acer, and Steve Aselage, Chairman of Acers Board of Directors.
- The private placement is scheduled to close on or about December 2, 2022, subject to the satisfaction or waiver of customary closing conditions.
- The proceeds from the private placement will be used by Acer for working capital and general corporate purposes and, together with Acers existing cash and cash equivalents, are expected to be sufficient to fund the Companys anticipated operating and capital requirements through the fourth quarter of 2022.
- Acer is a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious rare and life-threatening diseases with significant unmet medical needs.