24/7 Market News Snapshot 21 August, 2024 – Revelation Biosciences, Inc. Common Stock (NASDAQ:REVB)

August 21, 2024

DENVER, Colo., 21 August, 2024 (247marketnews.com) – (NASDAQ:REVB) are discussed in this article.
Revelation Biosciences, Inc. is experiencing remarkable growth as it takes significant steps to enhance its market presence and financial structure. The company, which specializes in advancing trained immunity for disease prevention and treatment, has seen its stock surge, opening at $2.14 and escalating to an impressive 97.42% increase, currently trading at $1.60. This robust activity has piqued investor interest, reflected in an extraordinary trading volume of 85.37 million shares, which underscores the heightened enthusiasm surrounding the company.

In a strategic move to capitalize on this momentum, Revelation has announced the immediate exercise of certain outstanding warrants, allowing for the acquisition of 2,548,060 shares of common stock at a reduced exercise price of $1.50 per share. This transaction, which is projected to close by August 22, 2024, following standard procedures, also includes an offer of new warrants to purchase up to 5,096,120 additional shares at an attractive price of $1.00 per share. Conducted as a private placement under federal regulations, this offering highlights the company’s proactive approach towards bolstering its financial framework.

Engaging Roth Capital Partners as its financial advisor for this critical initiative demonstrates Revelation’s commitment to innovation and strategic growth. Furthermore, the company plans to file a resale registration statement for the new warrants with the Securities and Exchange Commission within 20 days post-closing, ensuring transparency and compliance with regulatory standards.

Revelation Biosciences is at the forefront of innovation with its proprietary formulation, Gemini, which targets the prevention of post-surgical infections and aims to address critical health issues like acute and chronic kidney diseases. With multiple clinical programs underway, the company continues to establish itself as a leader in the life sciences sector, poised for continued advancement in its mission to leverage trained immunity to combat disease effectively.

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