ASP Isotopes Inc. Enters Into Warrant Inducement Transaction for Approximately $5.5 Million in Gross Proceeds
WASHINGTON, April 09, 2024 (GLOBE NEWSWIRE) — ASP Isotopes Inc. NASDAQ:ASPI (“ASP Isotopes” or the “Company”), an advanced materials company dedicated to the development of technology and processes for the production of enriched isotopes for use in multiple industries, today announced that it has entered into an agreement with an institutional investor that is an existing holder of warrants to purchase shares of common stock of the Company for cash (the “Existing Warrants”), wherein the investor agreed to exercise the Existing Warrants to purchase the maximum of 3,164,557 shares of common stock at an exercise price of $1.75 per share, resulting in gross proceeds of approximately $5.5 million, before deducting offering expenses.